That's a hair over 5% interest. As long as the US is also printing enough money to keep inflation at that level, it's not costing anything.
That alone can't cause an economic collapse, but sure can make one much worse.
That alone can't cause an economic collapse, but sure can make one much worse.
My guess is that we'll eventually elect a populist liberal government similar to what happened after the great depression and FDR was elected. Simply because the lower and middle class will be so stressed trying to keep up with inflation that they/we will want a fix where the harder edges of capitalism are soften by government. It going to be interesting