3 ms·
Printing money increases the interest rate for future borrowing. If the united states did not have outstanding entitlement programs that needed immediate cash,
by tathougies 6y ago
Printing money increases the interest rate for future borrowing. If the united states did not have outstanding entitlement programs that needed immediate cash, we could stop issuing new debt until the interest rate was manageable.
However, tax revenues can't cover our expenses so we are forced to issue debt and with printed money the debt is now going to cost more to service.