It seems as though national debt has transitioned from something that ever needs to be paid off to instead just being a graph of inflation. The Fed holds the ma

It seems as though national debt has transitioned from something that ever needs to be paid off to instead just being a graph of inflation. The Fed holds the majority of the US Debt, and that will likely increasingly be the case. Governments don't need to tax anymore, they simply generate the money they need by borrowing from the reserve. There is no longer any expectation that this will ever be paid back. The debt is really nothing more than a graph showing the expansion of the money supply, and the interest rate is nothing more than the vector of where the debt is going.