/biz/ - Business & Finance

>>52640178

Crush the gdp and yields such that the cost of financing gov becomes cheap again, sure. Problem with this is: bond issuance skyrockets because of the resulting tax shortfalls, even if spending stays flat. But, we all know spending won't stay flat: recession means there will be much anger and demands for stimmies and UBI. Red and blue teams will be jostling and squabbling over who can sign the bigger checks to buy the most votes.

To be clear, I understand they might very well be trying to crash this bitch with no survivors to force austerity on congress, but that plan is insane IMO. Either Fed finances congress or the yearly deficit and interest UST rollover size and rates explode exponentially until bond auctions start getting ludicrous and congress forces the Fed to print again to fund them.

>>51372769

I will struggle on regardless.