3 ms·
The current debt is 20T, the current money supply is about 6T. The inflation is guaranteed to happen. One reason why it has not is that we are the reserve curr
by triviatise 8y ago
The current debt is 20T, the current money supply is about 6T. The inflation is guaranteed to happen.
One reason why it has not is that we are the reserve currency so other countries have to have large US dollar reserves to buy oil.
As the world is weaned off oil, demand for US dollars will drop. At the same time we will have to print money to pay off the debt.