Sockenklaus

Although they may be considered primitive by today’s technological standards, they were very, very smart and accomplished tremendous things with very little resource.

They were not primitive intellectually. They were smart, capable and intelligent people.

This is exactly the point many people don’t understand: People in the past were not less intelligent than today’s people.

We developed more ways to discover stuff and more precise tools to measure and detect things and of course with computers we got the ability to handle extremely complex data. All of this gives us an edge over past people science wise but we had very capable thinkers 200, 600 and 4000 years ago. All basic principles of mathematics have been developed a long time ago.

Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.

Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

So your argument is completely theoretical.

Serious question? Money today is nothing more than a number in an account. When a country needs more of its own currency, it can increase it’s account by that amount.

Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.

No, that is not true. That states sell bonds is a self-imposed rule.

As long as a state collects its taxes in its own currency there will be demand for that currency.