📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 31

Washington keeps spending, the debt keeps growing, and higher bond yields mean the cost of servicing that debt is climbing with it.

Ryan argues that with meaningful spending cuts politically off the table, the path Washington is most likely to choose is the familiar one: create more dollars and devalue the debt through inflation.

The debt doesn’t disappear. The cost gets passed on to everyone holding dollars.

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