Economy

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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)

submitted 4 months ago by RegularJoe@lemmy.world to c/economy@lemmy.world

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[–] 0ndead 19 points 4 months ago (1 children)

Or better yet, JP Morgan can pay it

[–] crank0271@lemmy.world 13 points 4 months ago (1 children)

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

[–] 0ndead 7 points 4 months ago (1 children)

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

[–] crank0271@lemmy.world 10 points 4 months ago (1 children)

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 7 points 4 months ago

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