US Inflation Rate is at 3.67%, compared to 3.18% last month and 8.26% last year.
This is higher than the long term average of 3.28%.
Can the Fed pull a shell game and purchase more debt?
Will they just print more money and increase inflation? Thus increasing the interest on the debt.
Wealth = stored production, and production is merely transformed energy. Money is a mere representation of that. Therefore, money is a claim on present energy, and debt is a claim on future energy.
A corollary is that the USA can only pay down its debt, without massive debasement of our money, and goods-price inflation, by finding and deploying lots of cheap, new energy.
The Saudis and Russians (and Chinese) are trying to make sure 1) they have enough energy for their own futures, and 2) that the USA pays a lot more for its energy.
Idiot leftists and woke central planners in the USA are assisting them in our own destruction.