[eloff]

With interest rates trending ever lower since then. The only reason to hold government debt right now is to park large amounts of cash that can't otherwise be parked. Bonds are a terrible investment now.

What happens when the only way the state can sell debt is to print the money and buy it itself? What happens in the next crises when we need to stimulate the economy and rates are still negative?

At some point you can't keep kicking the can down the road. When do we reach that point? Are we there now?

I'm not a doom and gloom kind of fellow, but this does not appear to be sustainable to me. As with climate change, destruction of ecosystems, and draining groundwater reserves, all unsustainable practices come to an end. Abruptly if not planned for. It looks like we're nearing that point with monetary policy.

[davidgay]

>With interest rates trending ever lower since then.

Clearly not, the peak was in 1981 which is more than 50 years after the Great Depression: https://advisor.visualcapitalist.com/us-interest-rates/

[vineyardmike]

>>>With interest rates trending ever lower since then.

We are at crazy lows compared to most of this time frame.

[eloff]

That's missing the forest for the trees. No, it's not a continuous straight line down. But the trendline is, which is what I talked about.