04-28-2020, 01:08 PM
The problem is David you cannot keep printing money forever. It just adds onto more debt and this itself eventually needs repaying. Unless of course you default but that leads to nasty consequences and could be the only way for the U.S in the future...
You could potentially reset the debt and pretend it never existed but again, it would cause a lot of economic problems and just lead to investors and debtors losing confidence in America.
Also you have to remember that in the past, America got out of its economic woes due to World War 2. There is a huge debate on how effective the new deal actually was. But having to produce all those tanks, planes guns, etc and loaning them to other nations certainly got the U.S out of a financial pinch. Not even a war could successfully do that today due to the nature of the times.
You could potentially reset the debt and pretend it never existed but again, it would cause a lot of economic problems and just lead to investors and debtors losing confidence in America.
Also you have to remember that in the past, America got out of its economic woes due to World War 2. There is a huge debate on how effective the new deal actually was. But having to produce all those tanks, planes guns, etc and loaning them to other nations certainly got the U.S out of a financial pinch. Not even a war could successfully do that today due to the nature of the times.