☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 13 days agoMoody's downgraded the United Sates' credit rating for the first time in history citing unsustainable path for US federal debt and its resulting interest burden.www.reuters.comexternal-linkmessage-square53fedilinkarrow-up1130arrow-down10
arrow-up1130arrow-down1external-linkMoody's downgraded the United Sates' credit rating for the first time in history citing unsustainable path for US federal debt and its resulting interest burden.www.reuters.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 13 days agomessage-square53fedilink
minus-squareTheDeed [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up13·13 days agoNot understanding how to run a country at a deficit is why I’m no good at Victoria 3.
minus-squarexiaohongshu [none/use name]@hexbear.netlinkfedilinkEnglisharrow-up5·12 days agoIt depends… during the gold standard era (fixed exchange rate) you cannot run a large deficit without screwing up your own exchange rate.
Not understanding how to run a country at a deficit is why I’m no good at Victoria 3.
It depends… during the gold standard era (fixed exchange rate) you cannot run a large deficit without screwing up your own exchange rate.