The fed fails (on purpose?) bigly on this.
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Unless there is WW III and we manage to stay out of it till late in the game, we are unlikely be able to “pay it down”.
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It's tough to untangle tax impacts. But if the non-rich get inflated out of their purchasing power, that kicks the top 1% in the nuts because they lose their consumer market. It's all bad, all the way.
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But the Fed wants inflation that’s why they are dumping
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