14 sats \ 0 replies \ @zuspotirko 20 Jul \ on: Who owns the US debt and how Bitcoin can fix it? bitcoin
Some quick napkin math - that's like 3t-4t per year. More than 10% increase yoy.
10% is so much more than the alleged inflation goal of 2%. I can't imagine how even the most stubborn advocate of "debt != prices of goods and services"- guy can square these facts together. Even debt to gdp won't hold up here: gdp had the best year ever with 5%.