The short answer is yes—and quite a lot. The US government has accumulated over 35 trillion dollars. To put that into perspective, 1 trillion dollar bills would stretch almost from the earth to the sun. Another way to think of 1 trillion is to imagine a jet flying at the speed of sound, dispensing a… Continue reading Does the National Debt Matter?
Tag: federal reserve system
Janet Yellen—What?!?!?!
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Powell on Inflation
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The Cause of Inflation
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Federal Reserve
From 2017–things are much worse today: Let me try to simplify the National Debt and unfunded liability concept: OUR National Debt is almost 20 Trillion; OUR GDP, or yearly income as a nation for 2016 was almost 19 Trillion. That’s like me making 19,000 a year and having 20,000 in credit card debt. Do you… Continue reading Federal Reserve