0.25 points, 0.50 points, or more?
1% increase will add about 500 billion to the debt. Not that they plan on paying it back. :(
Bruce123 wrote:
1% increase will add about 500 billion to the debt. Not that they plan on paying it back. :(
How much of that has already been, or soon will be, swallowed up by run away inflation?
Can't answer your question but one thing is for sure...
You cannot spend your way out of debt.
MMT is a fools way of thinking. In a perfect world where everyone has good morals you might could make a case for MMT but in the world in which we live it always ends in hyper inflation or worse.
Death and destruction along with famine is what usually happens.
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