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by throw_nbvc1234
997 days ago
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Doesn't the government have to pay interest on the debt [1]? If it's "to itself" then that wouldn't be the case. So even if it can print the money to pay off the debt (or the interest) they could be forced to at an inopportune time. Such as when inflation is already elevated. Increasing debt doesn't seem to be a guaranteed bad thing but seems to be a risk that's being taken. Other events such as defaults, wars, pandemics, etc... could push things over the edge. [1] https://www.cnn.com/2022/11/01/economy/inflation-fed-debt-mi... |
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