Oddbean new post about login | logout The national debt is up to $36T. It is impossible to pay back. Only way forward is to keep printing and inflate the debt down to a manageable level. This is true regardless of who is in the Whitehouse.
You better pay it back that $36T is someone’s asset!
The government will but only with inflated dollars is my point
Thus crushing the purchasing power of those holding those bonds
You mean they won't pay it back. It is entirely possible. Use a balanced budget minus 1T, use a bit of new money printer, and it's paid back in 20-22 years.