Damus
Spin D'Accord · 4w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq3q9y57ds44q49fzd8h2kz9fdp64spu6tg7hchdamf8ap0r8e4hysxpp227 "The US buying its own debt will just devalue the currency." -- Against what? I don'...
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US debt hits $40 trillion: Who does Washington owe and why does it matter?
Analysts say the rising debt could potentially create an economic crisis for the US, in the form of hyperinflation or higher interest rates, for example, if it goes unchecked.
We’re already paying the cost. This debt is slowing growth, pushing up interest rates, and worsening inflation,” Riedl of Brookings said.
https://www.aljazeera.com/economy/2026/8/20/us-debt-hits-40-trillion-who-does-washington-owe-and-why-does-it-matter?UTM_Source=pnsOS&UTM_Medium=push&UTM_Campaign=standard
1
Spin D'Accord · 4w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq3q9y57ds44q49fzd8h2kz9fdp64spu6tg7hchdamf8ap0r8e4hysxpp227 "This debt is slowing growth" Debt doesn't slow growth if it's going back into the economy -- see fiscal multipliers. "pushing up interest rates" Not necessarily so. We had a shrink...