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RegularJoe@lemmy.world to Economy@lemmy.world · 2 months ago

America's path out of $38 trillion national debt crisis likely involves pushing up inflation and 'eroding Fed independence,' says JPMorgan Private Bank | Fortune

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America's path out of $38 trillion national debt crisis likely involves pushing up inflation and 'eroding Fed independence,' says JPMorgan Private Bank | Fortune

fortune.com

RegularJoe@lemmy.world to Economy@lemmy.world · 2 months ago
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"We could see a less straightforward path to reduce the U.S. government’s debt load," JP Morgan warns in its 2026 outlook.
  • 0ndead
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    2 months ago

    Or better yet, JP Morgan can pay it

    • crank0271@lemmy.world
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      2 months ago

      How about the people that got us into this debt and have profited from it pay it?

      • 0ndead
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        2 months ago

        https://archive.nytimes.com/dealbook.nytimes.com/2008/03/18/jpmorgans-12-billion-bailout/

        • crank0271@lemmy.world
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          2 months ago

          Oh, I don’t disagree with you at all. But the other banks and financial firms, the politicians, the “defense” industry, etc. should also be on the hook.

          • 0ndead
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            2 months ago

            Yeah I can think of a president and a bunch of stupid rich capitalists that should be pitching in.

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