This has been anticipated by everybody. Governments are spending like they have infinite money, essentially forcing central banks to cut rates lest their states get ruined by interest payments alone.
Taxes will raise, of course, to nominally pay for the debt. Inflation will raise to actually pay for the debt.
This has been anticipated by everybody. Governments are spending like they have infinite money, essentially forcing central banks to cut rates lest their states get ruined by interest payments alone.
Taxes will raise, of course, to nominally pay for the debt. Inflation will raise to actually pay for the debt.
Unless they're anticipating central bank digital currency, which will effectively be infinite money.
Financed by setting your savings on fire, forever.
and putting you in shackles