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Originally Posted by antipop
Well it doesn’t matter. Japan is at 300%. If you are a monetary sovereign then the debt is not a problem.
The debt for the government is an asset for households and businesses. So it should not be seen in isolation.
As for inflation, the central banks have been trying to actually start some inflation but it’s not happening. So we have room to print plus with COVID we’re far from full employment.
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Lots of inflation out there or just call it asset bubbles. Since Nixon closed the gold window the dollar has lost 80+ percent of its value and at the end of 1971 our debt stood at 395 billion. Today without gold in the mix the debt is 28 trillion. Without the restraint of gold this freed up politicians to spend as much as they wanted because the FED would just print more money. Before 1971 if politicians wanted to increase spending they would have to raise taxes and that never sits well with voters