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> It "doesn't count" if you ignore the accelerating wealth disparity in our society. The parent asked about how interest rates affect the burden of servicing t
by boole1854 4y ago
> It "doesn't count" if you ignore the accelerating wealth disparity in our society.
The parent asked about how interest rates affect the burden of servicing the debt. That is the sense in which it literally "doesn't count" -- interest paid by the Treasury to the Fed is returned by the Fed to the Treasury as distributed earnings.