Discuss: Is a federal budget deficit basically a deferred estate tax on the rich? Lower income people (half of all Americans) don't pay federal income taxes at all. Future generations of high income people will have to pay down the debt, one way or another.
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It will get high if the debt is monetized. i.e. paid off by printing money.
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No, inflation is not all about just increasing money supply. A growing economy needs a growing supply of money. Inflation is all about running out of real resources including labor that one can buy.pic.twitter.com/DG2NG5aS1u
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Inflation IS high in things that can't be mass-produced by machines. Big Three: housing, university, healthcare.
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True, in those categories.
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Global demand for US dollars is still relatively strong.
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Good question. But in my opinion it's only a matter of time. USG (the Fed) wants it to happen.
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Ray Dalio talks about this in his Principles book. Money goes to banks which horde it to make themselves look profitable so inflation doesn't rise.
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