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A comment on Federal Reserve Now Projects Rate Increases in 2023 as Economy Heals. Parent comment

Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec... by gred on Wednesday June 16, 2021 @03:47PM (#27532665)
Inflation is good for institutions with $27 trillion debts, like the US government.
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Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec... by infamouscow on Wednesday June 16, 2021 @03:49PM (#27532697)
The US government could tax the population at 100% of GDP and it wouldn't make a dent in the national debt. Also the US government can print it's own money.
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Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec... by imtringued on Wednesday June 16, 2021 @06:35PM (#27534249)
>The US government could tax the population at 100% of GDP and it wouldn't make a dent in the national debt.

Actually, it would cause the debt to GDP ratio to go up as taxable income shrinks. See Greece.

Paying off debt while everyone and their dog is saving money like crazy is foolish.

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Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec... by AlexandrB on Wednesday June 16, 2021 @03:51PM (#27532718)
Inflation is good for anyone with debt, which includes most of the US population. (Assuming that wages rise to match inflation, of course)
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