No need to spend responsibly with permission. Forget the debt ceiling. The US Treasury be like, “What if we just mint a trillion dollar shit coin to pay our debts?”

That shit coin being the USD of course. What a corrupt system.

Read the article below if you’re interested. This debate comes around every now and again. More financial gymnastics at play with debt ceiling conversations. The discussion centers on the US Treasury minting a trillion dollar coin out of thin air to cover the cost of debt and sending that coin over to the Fed to accept. Really this luxury is only given to countries that issue debt in their own fiat currency. The system is rigged to favor the US. Eventually there will be a point where too much debt and too much magic money maneuvers become a problem.

Unfortunately, it’s pretty rare that macro economists actually study how much national debt is too much. There’s a dearth of literature on the topic. No one quite knows where the proverbial edge of the cliff is.

Insert dog meme with room on fire, “this is fine.” Read up below.

https://www.npr.org/2023/01/27/1152140597/if-the-u-s-cant-borrow-more-money-why-not-just-mint-a-coin-to-fund-the-governmen