The economy is projected to grow quickly in 2021 though and even 2022 is projected to grow 3.5% which is still higher than trump's 2.5% average. The debt burden may shrink from sheer growth alone.
Those projections are based on Modern Monetary Theory and Keynesian modeling....
Sorry to say I so not support either one of those economic schools of thought... Time will tell who is right
To believe we can just create from thin air 6+ trillion dollars in 18 mo's and plan to create 4-6 trillion more it will not result in massive inflationary pressures is a folly.
You might be right in the debt disappears, because people will be buying bread with figurative wheel barrow's of money as the dollar collapses...
grated that is the worst case, but these rosy predictions that everything will just continue on with no more than 3% inflation is lunacy at the highest order. We are seeing massive inflation in many market segments all being labeled as "shortages" for other reasons than currency problems. 400% in lumber,300% in food, etc. I submit it is not only shortages driving those numbers
Trumps 2.5% avg which includes a global pandemic that all democrats decided required shutting down their economies for. I think context matters and those types of comparisons are dishonest.
