10 sats \ 1 reply \ @faithandcredit 11 May 2023 \ parent \ on: Daily discussion thread
when inflation and interest rate was low it was easy for congress to vote to print money and go into more debt. but things are a little different now. but lets see.
True. I really don't see how the US can stop printing, even if Powell is serious about the probably futile attempt to get inflation down to 2%. The US is the world's biggest debtor. The debt increases every day. They have to inflate away future debt or actually attempt some type of reset.
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