peepeepoopoo3

No, I don't think I'm Going to Go out and change Everything about my Replies.

Except the other digits failed too.

Remember, according to Wikipedia, Benford's law applies to election data in every country except the United States, where the laws of statistics are totally different.

The dollar is not "stronger than ever" if we're experiencing above-target inflation.

Mythic shut down recently. Well, technically they still exist on paper, but they're a shell of the former selves. It's a shame, really. Their technology is (was) amazing.

I agree. Let's start with Bill Gates and Larry Fink.

"Foreign" here isn't necessarily tied to citizenship. They can reclassify US citizens as "foreign threats" as they see fit.

Maybe we can redistribute their IQ points as well.

Way to throw identity politics into it.

The treasury takes on debt when it issues bonds, but the Federal Reserve expands the money supply when it buys those bonds. It's a two-step process.

Except it's not, because our interest rates are also in the same range as when their debt crisis began. Greece was fine at those debt levels until their bond yields hit 5%, at which point they entered into a self-reinforcing spiral of insolvency. The Federal Reserve is currently targeting interest rates above 5% to fight inflation.

Geece had to massively increase taxes and implement austerity programs, to say nothing of the EU bailout. Since then, they've been able to survive on low interest rates. Low interest rates which are now gone, as the world is busy fighting inflation.

You're proposing to print away the debt during a period of already high inflation. While you're technically correct that we can avoid default by printing more money, the practical consequences of monetizing the national debt right now, would be catastrophic hyperinflation.

There's a little over $200 billion dollars left in the US treasury right now, we have higher debt-to-GDP than Greece did at the beginning of their sovereign debt crisis, AND we have persistent high inflation. Something has to give. You can't fight inflation and pursue monetary easing at the same time.