I had an Econ professor in grad school who walked us through the calculation for exactly how much inflation it would cause to print enough cash to completely wipe the national debt. Granted this was 10 years ago, so it’d probably be worse now, but it was shockingly only ~15% inflation. That’s high, but not hyperinflation high. Especially since there are national interests in there having outstanding debt, so we’d never actually want to pay it all off like that.
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Cake day: June 10th, 2023
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- yenahmik@lemmy.worldtoNews@lemmy.world•US gross national debt tops $40tn for first time28·5 days ago
You can’t default when you can literally just print more
- yenahmik@lemmy.worldtoNews@lemmy.world•Justice Department pushes to revive criminal case against Kilmar Abrego Garcia29·5 days ago
That poor man…
You can look into container gardens if you have a balcony. Also consider if plug in solar is an option for you (it’s slowly spreading through the US).
I’ve heard getting a box fan and putting a bowl of ice in front of it can act as a poor man’s AC.