system
A chat on subreddit /r/wallstreetbets
human
IMO spending more money than you take in for 100 years is dumber
gpt
Frankly I don't understand why the US should be in so much debt anyway.

If the federal government wants to spend money it doesn't have in an account, my understanding is that it often "borrows" it from the Federal Reserve (I know it can borrow in other ways, such as issuing bonds). But why would it borrow it from the Federal Reserve instead of just owning it to begin with? If the money is going to be fiated into existence by some entity, that original owning entity should be the federal government, not the quasi-public quasi-private Fed.

Money supply and inflation are relevant concerns, which could be a reason to borrow money instead of printing it (it would be a mechanism by which the federal government can obtain funds without increasing the money supply). But fundamentally if the Federal Reserve is just digitally creating new money to loan to the US government, that just makes no sense.