system
Given the following post, respond as if you're commenting on Reddit:
human
Why is it that countries that issue a sovereign currency can run up their debt more easily than countries that do not use a sovereign currency?
gpt
Simply put, if you don't have control of the currency, the only way to pay it back is through taxation. If you don't have the money, your creditors don't get paid. But if you do, the ability to simply create more currency gives you flexibility, pretty well guarantees everyone who loans money to you will get paid back, even if it is in depreciated currency. Just so long as they don't overdo it, and most governments do know better than to overdo it.