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You’re the only one in the thread that gets any of this right. But: Monetizing the debt is replacing one asset (treasuries eg) that pays interest with a nominal

You’re the only one in the thread that gets any of this right. But: Monetizing the debt is replacing one asset (treasuries eg) that pays interest with a nominally equal asset that doesn’t (US dollar). How does that spur inflation? It’s a reduction in income over time. How does paying back our debt IN FULL hurt our credit worthiness?

SpicyLemonZest 1mo ago
Money is special because it’s the only asset that can be used to purchase goods and services. If I have a pile of 10 year Treasury bonds worth $500, and I want to buy a TV, I have to first convince someone with $500 in cash that they’d rather have my bonds than buy their own TV.
- 2dddd 1mo ago
  No thats not true. It operates under expectations - the more liquid the asset, the more likely you'll be OK with accepting it in the context of a trade. The discount is for illiquidity.
  - skeledrew 1mo ago
    > No thats not true. I'd love to see someone buy a TV with those bonds.