7 ms·

Luckily we can print the currency the debt is borrowed in.

• chii 2y ago
  and that will really turn on the hyperinflation tap.
• ein0p 2y ago
  And getting people to buy into this Ponzi scheme is getting more and more expensive. Hence the ballooning interest payments. As debt reaches maturity, more and more of it will have to be refinanced at a higher “apr”, since nobody is even contemplating drawing down the principal. This could further drive up the rates.
• torstenvl 2y ago
  We can't. The Federal Government can. We and the Federal Government have exactly opposite incentives on this issue.