Hacker News Reader

The US is in debt to itself, in a currency it can print. What could go wrong?

If you print you cause more inflation and all the debt you need to renew requires higher yield to shift. So in practice printing yourself out of trouble is in itself a cause of trouble

It doesn’t just print money. It raises money or backs it by assets. It amazes me that people have no understanding of basic economics, or what qualitative easing is. Study the 2008 financial crisis to understand the power of modern monetary theory.

It works great, right up until it doesn't, according to historians.

According to anthropologists, we are all still the same barbarians we've ever been.

According to biology, scarcity ( the ultimate downstream effect outcome of money printing in the US since at least 1971 ) promotes aggression and reduced breeding.

According to Confucious, it's good to live in interesting times, unless that was meant as a curse ?

Reply on news.ycombinator.com