Submitted by Sevin Yeltekin (not verified) on Fri, 04/02/2021 - 10:59
Indeed, if one looks at the highest level of debt US had in the 20th century, it was WWII. That debt was paid by growth in the 50s and 60s, as well as lower holding returns to bond holders. If growth and future surpluses are not going to absorb this recent ramp up, it's either inflation and/or decline in holding returns.
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