1 definitely won't happen. Money is nothing more than a number on a computer screen. When the fed spends, they just type a new number on the screen - literally.

1 definitely won't happen. Money is nothing more than a number on a computer screen. When the fed spends, they just type a new number on the screen - literally. Modern Monetary theory really opened my eyes around the phony assumptions regarding U.S. "debt". Edit - I know money is more that a number on a computer screen, it's also a general collection of cultural assumptions, it's a partial reflection of the energy system etc. I'm replying in the context of "running out of money"