3 ms·
By "settle" I think you mean pay off the national debt by printing money. According to https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ htt
by Bostonian 3y ago
By "settle" I think you mean pay off the national debt by printing money. According to https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://fiscaldata.treasury.gov/americas-finance-guide/natio...
there is $33 trillion in debt outstanding, and https://www.federalreserve.gov/releases/h6/current/default.htm https://www.federalreserve.gov/releases/h6/current/default.h... says the M2 money supply is $21 trillion, so I think "settling" the national debt in this way would be highly inflationary.