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The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns
(www.businessinsider.com)
this post was submitted on 08 Jan 2024
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United States | News & Politics
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can't they just print the money? i don't get why debt is a problem for this case
They are against using deficit to improve productive forces or provide for welfare. See how they mentioned mandatory spending (referring to social security).
The article gives a few reasons, one being that private lenders tend to tighten up when inflation is rising because they realize that businesses won't be able to grow at a sufficient rate for them to make a return.