sc94597 on 25 May 2016
It is greedy people today selling out future generations. It is a sad thing, but people who tell you it can be sustained without consequences are lieing to you. There is no such thing as a free lunch. Bond holders (normal everyday people, corporations, governments) are going collect their money eventually, and chances are it will happen all at once (when there is economic insecurity.) A sizable portion of the debt is offset to everybody in the form of inflation, and the negative effects of inflation on inelastic consumers and producers is quite notable.
