Damus
Dr. Jeff profile picture
Dr. Jeff
@DrJeff
Unpopular opinion: The US debt spiral doesn’t matter nearly as much today as many people think it does.

Even at these higher interest rates.

Someday, it will matter very much. But we are YEARS away from that moment.

For now, it is business—nay, borrowing—as usual.

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CensorThis · 134w
Perhaps not “as usual” but we won’t go Weimar anytime soon
Liberty Farmer · 134w
That's actually a popular opinion. Wrong, but popular. 900B to 1 trillion per year in interest payments annually is a huge problem, and a reason why our country fracturing more and more. Instead of spending 1T on homeless or food, courts, whatever, it goes to pay other countries back, pensions, he...
Humble Bitcoiner · 134w
Agreed! The ponzi can go on for many more years/decades imo.
Btcfeen · 134w
Someone going to have to buy those bonds tho *cough* fed
Zach⚡️ · 134w
I’m not so sure. I’d argue that deficit spending and our debt based economy has always mattered and has ALREADY caused a disaster for our country. I’m a young person who’s looking at having to pay 8 times my annual salary just to get a decent home. Either way, even if the disaster isn’t h...
Hodlorado · 134w
Agreed. This is a very slowly before extremely suddenly scenario.
nobody · 134w
Japan is a good example of how long it can go on.
SatoshiSteve · 133w
Strong agree, and I think there are very few bitcoiners aligned with us. It might matter in a decade, but so long as the us is the “best house in a bad neighborhood” our debt is going to be in demand. Give the landlords and 401k millionaires a scare in their assets and many will look for saf...