Quote Originally Posted by JohnfrmClevelan View Post
You don't even need outside bond-buyers. The Fed could buy them all up, while people held their savings in banks. And if that is true (and it is), then bond issuance isn't necessary, either. Straight dollar creation would work just fine.

The key is that the dollar is worth something, so it is worth holding, in one form or another. As long as the economy produces stuff to buy, the dollar will be worth holding.
Still waiting for how the country benefits from foreign countries buying our debt? over 500 billion in debt service in the budget is money that could be better used elsewhere or reduced taxes further. More consumer spendable income more GDP Growth