I will put this out there as simply as possible and will challenge you in a nice way to read and understand how things “may” work.
The national debt is really our “money supply”. In order to get investment in innovative products, have enough money to develope and then purchase the innovative products “along” with “still” having money to buy basic everyday items like “food” we need to add money to the money supply or National debt. This has rose over the years.
Over the last 40 years we “absolutely could not” have had enough money out there to pay for all of our basic goods, housing etc and “also” have had enough money in the money supply to have almost every home in the US have a personal computer, 1 smart phone for every member living there and all of our other cool gadgets we have like new pinball machines and $50,000 cars that go 0-60 in 3.2 seconds sitting in the garage. But let’s not get ahead of ourselves. There would “have not been enough money” to even try to invest to come up with the innovation like this. Innovation that makes life “better for everyone”. The richest person in the world had a blackberry 20 years ago and Low income folks have an IPhone today which is 100 times better. Amazballs!
Innovation is also “deflationary” and makes our time “more productive” and both have had huge impacts on our lives. Anyone “cut the cord of their phone land lines or cable lately or saved time and gas getting from point A to B with a driving App?
The national debt or “money supply” is rising yes! but “asset” value is rising also. Our homes, stocks, gold, pinball machines, 1952 Topps Mantle rookies are rising up also. This is out running the debt and is “A LOT” higher than the money supply or debt which is out there. If one has owned any asset that has rose in value it is “partially” due to the rise of the money supply. But once again “the value of the assets we own do not have a dollar backing the value of them”, meaning if everyone sold all their Stocks and houses next month there would be no demand to buy the assets for sale and no where near enough money in the “money supply anyway” to do so. Assets which could be homes or GDZ LE’s are highly leveraged and recent price for the whole group is “based on the last few sales” only. The sold all stocks or houses was extreme but anyone who disagrees with me let’s see what happens if 10% of all the homes and stocks in the US go up for sale next week. Do you think the sale prices would “only” got down 10%??? No a lot more then that.
Look at lower left on US debt clock for “asset value” which no one looks at. Upper left is debt or money supply. This is an ok gauge to see the leverage.
Ok inflation!! Downside of adding to the money is “yes a lot of added money to the money supply can and does cause inflation”. We “pay a little more for food, utilities etc” YES but look at the upside with cool innovative “even deflationary like with chip productivity” products we own and use each day and also our assets the have increased in value. Food increase is not that bad compared to the whole picture.
You don’t have to like the increased costs of food but we can’t have it all. We can’t have it all but “we have it pretty darn good”! Anyone who says no could go back in time 10,20,40 years ago and live that way again and can have the lower pricing that came with it. You have to leave your IPhone before you get in the time machine though.
Trying to explain things as simple as possible. If anyone disagrees I am open totally open to hearing it.