The problem with debt is that nobody has worked for it. Unfortunately, it will require work to pay the debt back. Debt increases the cost of everyday items as people make ends meet by using debt to pay more for items that would otherwise cost less. Regardless of MMT philosophy, life only gets harder with more debt, especially when its government debt. Infrastructure spending paid for with debt only makes the cost of living in America even higher.

Source: Forbes December 03, 2021 18:54 UTC