I almost wonder if we are spending money now because it doesn’t matter. None of it is real. If the central banks are destroyed and if the world defaults on debt, then it’s a whole new ball game.
We’re going through pain. Might as well get something out of it. Maybe $22T in national debt goes “poof!”.
Thanks for that post. I don’t have to explain what I believe to be true. You did it for me.
Posted the other day, this interesting article seems to be saying spending up to $13T is a good thing. It's above my pay grade to really understand it, and indeed it says at one point nobody really understands it... so YMMV.
Why the World Has a Dollar Shortage, Despite Massive Fed Action