4 ms·
It's not a lot of debt. It's actually a small amount of debt, considering the enormity of existing American assets and revenue. America has very strong fundamen
by ThorsBane 4y ago
It's not a lot of debt. It's actually a small amount of debt, considering the enormity of existing American assets and revenue. America has very strong fundamentals. A rising tide here will lift all boats. They could invest $50 trillion into mobilizing efforts towards fusion/nuclear/renewable energy across the board and American infrastructure and it would not even register as a dent in our massive reserves 50 years from now, because of the huge efficiency and productivity gains from successfully deploying renewables across the board, electrifying the entire grid, EMP-proofing the entire grid, establishing space superiority in the journey to Moon and Mars and Venus and Europa and etc...so many great jobs will come from this effort.
We should be good to resume QE sometime soon. It would be happening alongside real increases in the movement of commodities and labor productivity improvements across the board, and we would get the benefits of a massive rocket fuel boost to American innovation and American muscle once again by unblocking the huge middle class again so it can launch the next wave of new products and services.
There won't be a crash. We're just getting started.