It's a tired trope, but time is money. Fiat currency works because of this idea. Fiat currency fails when a nation defaults on its loans because people lose fa

It's a tired trope, but time is money. Fiat currency works because of this idea. Fiat currency fails when a nation defaults on its loans because people lose faith in the currency. The money printing scares everyone because of the US's rising debt. If it cannot be balanced at some point, people will think inflation is permanent. It's difficult to cut costs because the US economy must pay to maintain its status. The only way to reduce our debt is to increase our GDP: aka, sell more shit and do more with less.