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The phrase “debt bomb” fees hyperbolic because it suggests our national spending is about to have some kind unpredictable/explosive problem. We have had persist
by germinalphrase 6y ago
The phrase “debt bomb” fees hyperbolic because it suggests our national spending is about to have some kind unpredictable/explosive problem. We have had persistently low inflation despite significant money creation since 2008. Inflation is typically the reason we avoid creating money to fund national level spending. If someone who knows better wants to breaks down the scenario for me, please do - but as is, calling short term emergency spending a debt bomb seems overblown.