The young people ought to be constantly reminded that they will be paying interest on this folly for the rest of their lives.
“The young people ought to be constantly reminded that they will be paying interest on this folly for the rest of their lives.”
If inflation is say 8% and the interest rate is 5%, the debt shrinks by 3% a year.
You can see Team Biden and Wall Street types winning (and people like us losing) almost every time you go shopping.