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Is there a way to calculate like... the debt but in "inflation adjusted" dollars?
by MuffinFlavored 4y ago
Is there a way to calculate like... the debt but in "inflation adjusted" dollars?
- bern4444 4y agoThe debt level is reported accounting for inflation. https://www.usdebtclock.org/ https://www.usdebtclock.org/
- MuffinFlavored 4y agoWhich field? The $31t national debt dollar field? I thought that was un-inflation adjusted dollars?
- bern4444 4y agoThe national debt field. I believe it is inflation adjusted and if the US were to 'magically' create a coin worth 31 trillion dollars, that number would go to 0 and we would be able to pay off the entire thing. There would be no more interest payments because there's no more debt to pay interest on. Except for the fact that we still run a deficit so itd start going back up again.
- MuffinFlavored 4y ago> I believe it is inflation adjusted I believe it isn't.