https://www.washingtontimes.com/information/2021/oct/22/feds-spent-record-68-trillion-fiscal-2021-deficit-
“In complete, by the tip of 2021, the federal authorities had spent $6.82 trillion, up from $6.6 trillion the 12 months earlier than. Throughout that point, it introduced in $4.05 trillion, leading to a deficit of $2.77 trillion”.
Think about working a enterprise with this sort of deficit. Can America simply print more cash and concern bonds to cowl the debt? Is not this like kicking the can down the street?
Would not spending an additional $2 trillion than what you obtain add to inflation? There’s more cash circulating. How does this have an effect on the financial system?
