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bluegattyyesterday at 6:07 PM0 repliesview on HN

"will print money ... good gosh.

No, they will not.

Where do all these people come from?

Bond yields are already rising on sovereign debt, if the government resorts to 'printing money', rates will rise materially, debt payments become unsustainable and the economy would crash in a worse way than 'the Great Recession' and it's hard to understand what woudl become of that.

In 1929 the US was not 'global reserve' meaning there was not all that extra leverage in the system.

The US 'hooked' on cheap debt, aka the rest of the world buying USD.

Kind of like leveraged speculation - it has upsides, but the downside is harder.

But that's even before the fact that 'nationalization of Anthropic' would lead to it's instant evaporation.

Have a look at what's going on with the DOJ right now, it's being completely corrupted, 'banana republic' style.

People would be reluctant to have such a thing in 'gov' in normal times, but right now ... things are extremely bad.