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Northern IL | Raising interest rates and setting up for loan defaults would be too painful for our political establishment and culture to endure. They will keep printing money gradually and between that and growth, hope we can come out of this current 120% debt to GDP ratio. If we have enough growth and can limit inflation while doing it, it would work but is not very likely to go that smoothly. Down side to the print/inflate your way out is that it does continue to make the wealth disparity in the Country larger. Some foreign countries have managed their debt levels better than the US. The economic future should be interesting, especially if you throw in the Tariff wild card. | |
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Reversing the debt based death spiral
