huskerbob

Can the US Government Afford Future Bailouts?

Thank you for sharing your understanding of "the nature of money". Unfortunately, you are correct in stating that "the government has infinite access to money, since the government can literally print its own money". What is amazing is your lack of alarm and concern at the idea of printing unlimited amounts of money to cover our debts and bail out any company considered too big to fail.
Running the presses may work fine for the government and its assorted cronies and sycophants, but what about the poor schlub who ends up paying $10 for a gallon of gas or a quart of milk?
You have to be a tool of the first magnitude to think that we can print unlimited amounts of dollars without serious consequence. For an example, look at the end of any fiat currency in history. Heck, look at the value of the dollar since the creation of the Federal Reserve! They managed to destroy 95% of the dollar's value so far. Why do you think the last 5% will fare any better?
If we are printing money to cover a shortfall when foreigners stop buying our debt, we are the Weimar Republic. Don't kid yourself that other nations will keep us afloat forever.