@BlockchainLeft @Ashwinijames97@HaileyLennonBTC If you’re an entrepreneur, nobody would lend you money in this case. Cost of capital would be way too high. In the extreme case, we’d have a very static system where the wealth gap between rich and poor is just as big and the little guy would have next to no chance to catch up.
I feel like someone should tell US Treasury that every incremental sanction they put on foreign entities reduces those foreign entities’ ability to buy USTs, ultimately adding to repo market stress & forcing the Fed to inject ever more USD liquidity to finance US govt deficits...