Damus
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Recent Notes

Bashno · 58w
The whole world hates them
verbiricha · 67w
why? my ideal nostr client gives me access to public and private groups, as well as allowing me to use any nostr web app as an embedded micro app and comes with a noKYC ecash wallet. Primal is nothing of the sort.
TheGrinder · 69w
tracking
nostrich · 73w
she'd be also in jail , nostr doesnt help the situation, replacing / firing byrocrats behind the law that allowed this would ...
walker · 76w
My 14-month-old son just looked me straight in the eyes and said “dad, with the interest expense on the national at over $1 trillion per year, isn’t the Fed’s only option to print their way out ...
 FrostByte profile picture
FrostByte @FrostByte
I guess I'm dumber than a 14 month old toddler. If we print enough dollars to pay off the debt in what we're calling "the largest monetary debasement event in history", doesn't the printing (borrowing) of that money just create yet another loan on which even a greater interest payment will be owed?

Unless we can somehow generate enough in tariffs, it seems that defaulting on the debt is the only way out. Am I wrong?
1
Milos · 76w
You could print without borrowing. The government is endebted to the bond market, but the federal reserve/central bank (through quantitative easing or similar) could buy all the bonds with money that is simply created, not borrowed. That way, the government's debt would be owed to the fed, at wh...
Cykros · 76w
So, the Fed can buy up existing debt, which in itself doesn't increase the debt, but does increase bank reserves, and, most crucially, can serve as a market signal to bring interest rates down, as it shows investors that there's a bid on those treasury securities. This in term can allow the Federal ...
corndalorian · 76w
🔥🫡
nostrich · 76w
Do what you want to do 💪🏻