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Printing money without a plan to repay it would be a disaster. Better to just adjust policy.
by zeroCalories 3y ago
Printing money without a plan to repay it would be a disaster. Better to just adjust policy.
- trashtester 3y agoToday, yes. Bug if debt-to-GDP reaches 400% before the budget is balanced, it's better to just do what basically amounts to defaulting on it. Keep in mind, there are very few signs that the US is going to balance the budget anytime soon. At some point, the debt will be so high that lenders lose confidence, especially for 30-year or even 20-year maturity bonds, and at that point, there is very little time left to turn the ship.