Quote:
Originally Posted by Ben Franklin
"Yes, debt has to be repaid when it comes due. But maturing debt can be replaced with newly issued debt. Rolling over the debt in this manner means that it need never be “paid back.” Indeed, it may even grow over time in line with the scale of the economy’s operations as measured by population or GDP."
Source:
Does the National Debt Matter?| St. Louis Fed |
If people think we can just keep printing / borrowing money ad infinitum, they DO NOT really understand Economics. Euphoria ends when the chickens come home.