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Why worry about the national debt? It's largely owed to some part of the US government, or to the Fed itself. Foreign ownership is 7.3T, with Japan the larges
by alex_young 3y ago
Why worry about the national debt? It's largely owed to some part of the US government, or to the Fed itself. Foreign ownership is 7.3T, with Japan the largest at just over 1T.
https://www.pgpf.org/blog/2023/05/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt https://www.pgpf.org/blog/2023/05/the-federal-government-has...
- nostromo 3y agoBecause inflation. Reminder: inflation hurts the poor the worst, as their wages tend to lag behind price increases.
- alex_young 3y agoHow does the debt cause inflation? I don’t see the correlation. Here’s a chart: https://www.stlouisfed.org/on-the-economy/2022/aug/inflation-real-value-debt-double-edged-sword https://www.stlouisfed.org/on-the-economy/2022/aug/inflation...