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It would be much more akin to saying you generated a revenue or cash flow of a million in exchange for a liability of a million. It would require an extreme fea
by anm89 6y ago
It would be much more akin to saying you generated a revenue or cash flow of a million in exchange for a liability of a million. It would require an extreme feat of verbal and mental gymnastics to call that savings.
If creating debt == savings we would not limit ourselves to merely 135% because there is no downside to savings.
The US is not immortal at least it is certainly not guaranteed to be.
And as much as it hides the uglier realities of having to think through the mechanics of actually running a government, the assumption that the US has an unlimited capacity to monetize debt, even given it's current (and deteriorating) defacto reserve currency status, has never been a meaningful framework for thinking about monetary policy
A condescending cheers back to you.