/biz/ - Business & Finance

>>56183438
So let me get this straight: The Federal Reserve buy’s government bonds with money created by clicking a button on a computer screen, because the government issues bonds to cover the money they spend that exceeds the taxes they take in. The result is 33 trillion dollars in debt, which costs more than the entire defense budget just to pay interest on the debt, which is saying something considering we spend more on defense than the next ten countries combined. So anyway, the value of our currency goes down due to the inflation the Federal Reserve is creating. But because the money goes to institutional investment, the green stock market checkmark goes up in nominal terms, so everything is A-Okay because new technologies, so why wouldn’t we be able to go more into debt indefinitely?