Printing money to pay off the National Unfunded Debt debt would make bread 15 - 250 times more expensive?

in news •  2 years ago 

"The Fed tries to influence the supply of money in the economy to promote noninflationary growth. Unless there is an increase in economic activity commensurate with the amount of money that is created, printing money to pay off the debt would make inflation worse. This would be, as the saying goes, "too much money chasing too few goods.""
https://www.aarp.org/politics-society/government-elections/national-debt-guide/faqs/why-cant-government-print-more-money.html

"The data tables below list the value and volume of U.S. currency in circulation calculated in billions. As of December 31, 2020, there was $2,040.7 billion in circulation, totaling 50.3 billion notes in volume."
https://www.uscurrency.gov/life-cycle/data/circulation

U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic
https://www.nytimes.com/2022/02/01/us/politics/national-debt-30-trillion.html

""Rich Dad, Poor Dad" author and financial guru Robert Kiyosaki made headlines once again with his latest tweets on the importance of buying Bitcoin, as he called the United States "bankrupt" with a $250 trillion debt. He also called the ongoing issue of raising the U.S. debt ceiling a "bad comedy.""
https://www.ibtimes.com/robert-kiyosaki-says-us-bankrupt-250-trillion-debt-asks-people-invest-btc-3695844

"In all of the above states even the most basic bread will set you back more than $1. Unsurprisingly, expensive Hawaii will cost you the much. A loaf of bread in paradise comes in at $3.24, over 3x that of the cheaper states."
https://www.zippia.com/advice/loaf-of-bread-costs-each-state/

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