If others want to subsidize American consumption, then America would have to pay the subsidies off. What I don’t understand is how it will be done, since the US Debt has never stopped ballooning.
This is not necessarily true. At least not on any currently-human-relevant timescale. The ballooning can be a problem, especially when the money is spent very poorly. But if a reasonable fraction of it is spent on productive assets and other forms of growth, debt can grow for a long time. Longer than the typical lifespan of a country or currency.
If others want to subsidize American consumption, then America would have to pay the subsidies off. What I don’t understand is how it will be done, since the US Debt has never stopped ballooning.
This is not necessarily true. At least not on any currently-human-relevant timescale. The ballooning can be a problem, especially when the money is spent very poorly. But if a reasonable fraction of it is spent on productive assets and other forms of growth, debt can grow for a long time. Longer than the typical lifespan of a country or currency.