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You’re the only one in the thread that gets any of this right. But: Monetizing the debt is replacing one asset (treasuries eg) that pays interest with a nominally equal asset that doesn’t (US dollar). How does that spur inflation? It’s a reduction in income over time. How does paying back our debt IN FULL hurt our credit worthiness?

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Money is special because it’s the only asset that can be used to purchase goods and services. If I have a pile of 10 year Treasury bonds worth $500, and I want to buy a TV, I have to first convince someone with $500 in cash that they’d rather have my bonds than buy their own TV.

No thats not true.

It operates under expectations - the more liquid the asset, the more likely you'll be OK with accepting it in the context of a trade. The discount is for illiquidity.

> No thats not true.

I'd love to see someone buy a TV with those bonds.

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