Endless US debt is fine, provided there keeps being interest in the US dollar as a reserve currency. The US national debt is simply the difference between money printed and money collected. As long as the US dollar “disappears” into the global economy (which it does), inflation is kept under check.
Endless US debt is fine, provided there keeps being interest in the US dollar as a reserve currency. The US national debt is simply the difference between money printed and money collected. As long as the US dollar “disappears” into the global economy (which it does), inflation is kept under check.