Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt

[jaysabi]

Yeah, maybe he just needed something more visual to understand how it happens

Notice none of those visuals helped your point. Actually, the absence of all those things in the US economy further prove mine.

Tangential anecdote: I bought some of those Zimbabwe 100 Trillion dollar notes as a novelty (and a reminder of the dangers of loose monetary policy) after Zimbabwe discontinued them. I literally have 4 quadrillion dollars.   

[AllTheBitz]

Yeah, maybe he just needed something more visual to understand how it happens

Notice none of those visuals helped your point. Actually, the absence of all those things in the US economy further prove mine.

Tangential anecdote: I bought some of those Zimbabwe 100 Trillion dollar notes as a novelty (and a reminder of the dangers of loose monetary policy) after Zimbabwe discontinued them. I literally have 4 quadrillion dollars.   

I didn't know they discontinued them. I bet that increased the novelty value by a whole penny.

[jaysabi]

Yeah, maybe he just needed something more visual to understand how it happens

Notice none of those visuals helped your point. Actually, the absence of all those things in the US economy further prove mine.

Tangential anecdote: I bought some of those Zimbabwe 100 Trillion dollar notes as a novelty (and a reminder of the dangers of loose monetary policy) after Zimbabwe discontinued them. I literally have 4 quadrillion dollars.   

I didn't know they discontinued them. I bet that increased the novelty value by a whole penny.

They discontinued them when they introduced a new currency and pegged it to something stable to stop the hyperinflation. Ironically, the currency had more value after it was discontinued than it ever had when in circulation. A 100 trillion dollar note was selling for around $4 US when I bought mine, which was more than it was ever worth when it was circulating.