This is really weird take. If you were to just erase private sector debt, not much happens on a socio-economic scale. If a company is owed money, but at the s

This is really weird take. If you were to just erase private sector debt, not much happens on a socio-economic scale. If a company is owed money, but at the same time owes people money, the debt on either side is cancelled out. With government being the actual source of money, if it owes a lot of money, it has to "print" it, which is exactly how you historically get inflation, which then causes rising prices. This literally happened during Covid. Lets also not pretend that the current administration actually understands anything about economy either.