Which are roughly like me having a mortgage that’s the same as my annual salary. Which is quite commonplace.
It’d be a problem if we had to pay it all off tomorrow, but we don’t.
It’d be a problem if we had to pay it all off tomorrow, but we don’t.
have a look at this: https://tradingeconomics.com/united-states/interest-payments...
it is like borrowing at higher rate than the rate at which are are growing our income.
To understand the scale at which we have printed money, analyze the fed balance sheet https://www.federalreserve.gov/monetarypolicy/bst_recenttren...