Maria46 Wrote:
Jan 09, 2013 1:26 PM
in the 2012 Federal debt (not deficit) exceeded the GDP. We are fortunate interest rates are as low as they are, we'll be in big trouble if they rise to relatively moderate levels. I think that injection of money into the economy by printing unbacked money lessens the value of our income, making everything more costly, though it cheapens the value of the debt bonds (cheating the buyer of the bond, who might decide he should cash it in before it is worth even less)