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I think we can hit $40 to $60 trillion in debt (in real terms) before the system starts to collapse. In other words, at least 20 years from now, maybe much mor
by nugget 10y ago
I think we can hit $40 to $60 trillion in debt (in real terms) before the system starts to collapse. In other words, at least 20 years from now, maybe much more. I have no faith in either political party to exercise fiscal restraint or conservatism. I firmly believe the excessive deficit spending will continue until the breaking point. Given that belief, I'd like to spend the money (the newly issued debt, as you correctly point out) as wisely as possible.
- gwright 10y agoUnless interest rates start to trend up.
- nugget 10y agoI used to be concerned about that. Look at Japan. They are monetizing absolutely everything in sight and the currency barely moves. Apparently your 'cultural equity' in the face of global chaos counts for a lot more than anyone ever realized. Time will tell.