this post was submitted on 23 Aug 2024
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I mean technically the federal reserve is a ponzi scheme they charge interest on money printed requiring more money to be paid back than they printed. Ergo there isn't enough print money in existence to pay them back.
Regular economic thinking doesn't work on the scale of nations. Just like a family having debt is not the same thing as a country having debt.
Pretty much everyone in the world has no full idea how an economy works and how to best stimulate it. It's like a trillion moving parts and smart asses always go "yea this pin over here? That's the one that's the problem / solution"
Pretty much no-one knows. We have ideas what's better / worse but anyone who tells you they've got it figured out, is lying.