Tax Bill Passes - What Just Happened?

[greenskeeper]

Sure, so could any government. I just don't understand the point. Why would they ever do that and intentionally crash the economy and essentially make their money worthless? What possible benefit would there be to doing that?

[disneysteve]

Yes, inflation exists, though thankfully the past 30 or so years, it's been minimal as that graph illustrates.

[Singuy]

Yeah I think the debt isn't a problem unless if there's a run on bank sort of speak..as in everyone (including our ss fund that owns most of the debt) demands their money back at the same time.

I think the government works like the banks..in which they are only required to have 10% reserve, the rest are just created out of thin air. So a run on the bank will kill it, if not then everything is business as usual.