Guest argues a US ‘debt crisis’ would look unlike typical sovereign defaults

What was said

"First of all, the US can't really go bankrupt unless it chooses to. I mean, the US only borrows in dollars and it can create dollars."

Wigglesworth tells Klein that even if investors worry about US debt sustainability, a conventional default is unlikely because the US issues debt in its own currency. He says the more plausible crisis scenarios would involve political capture of monetary policy and large-scale money creation, with consequences such as runaway inflation and financial system stress rather than a standard restructuring.