It is easy to spend and produce more when you borrow more
US has two possible scenarious ahead: 1) hyper-inflation with relatively little new borrowing, which will rapidly increase the size of GDP while holding the debt load steady (good for your salary and bad for your hard savings) 2) gradual growth of GDP combined with a gradual reduction in debt (good for your hard savings). or 3) ? Just a thought. 🙂
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