Possible outcomes:
Disintegration (@outsideness style)
War
Totalitarian oppression
I don't see how America avoids one or more of these outcomes in the next 60 years.
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Creating more currency is inflationary pressure, taxation and issuing bonds removes that pressure
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Issuing bonds only does a little bit. Cash flows to the govt, but it's replaced with a bond which may be treated almost like cash. This is why QE wasn't actually massively inflationary.
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Lack of demand is a major problem. There is something rotten on the banking system
End of conversation
New conversation -
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Yes but he forgot to add - 'all other things being equal'.
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