Inflation is differential and restructuring (2021)
At the risk of going off-topic: I&#x27;d also like someone to write a similar blog post providing a <i>convincing</i> explanation of why the national debt supposedly isn&#x27;t wrecking the US&#x27;s future big time.<p>To me it absolutely is, because you can only keep borrowing money and paying the (increasingly large) interest on it for so long. Eventually it&#x27;ll exceed your revenue and you have no choice but to print money and hyperinflate your currency... right? Yet modern economists keep arguing it&#x27;s... fine? &quot;It&#x27;s not like your household debt&quot; or whatever the argument is.