Can’t it just keep going forever? Can’t we just continue to kick the fan down the road? Isn’t the promise of money in the long term, what drives this whole thing anyway?
Forever? No.
For decades? Yes.
All Govts around the globe are loading up on debt. They discovered it gives them 2-3 decades until the govt debt becomes a problem.
Pretty much everyone is printing new money at 5% a year yet exchanges rates are fairly stable as its an agreement or group think activity.
The end solution will probably be govt debt forgiveness along with agreed global currency printing increase higher than 5%. China buys 1T of US debt, US buys 1T of Chinese debt, both forgive.
The issue of stagflation is caused by not enough new currency being printed. Growth requires printed money. We want a 100k house to be worth 200k 10yrs later. For that to happen, double your printed currency pool.
Inflation is fucking great! Wages go up, food goes up, assets go up, DEBT IS WORTH LESS!!!! That's how you pay a 25yr mortgage off in 10yrs.