I_Fux_Hard

I_Fux_Hard t1_jdy7cii wrote

The government caused this situation. The banks are required by law to buy safe things like bonds. The government destroyed the value of their bonds by jacking up interest rates. So the government is going to fix it by infinite money glitch. What could go wrong?

However, I don't think the government can have really high interest rates. The government has to pay that rate on all of it's debt. I think at current rates all of the taxes collected would go to finance the debt. How do we buy more bombs?

Especially if this triggers a big recession and all the poor's can no longer contribute to the bomb fund.

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