| Talking about the monetary system these days requires using unimaginably large numbers, such as $1 trillion, the total U.S. currency in circulation, and $10.9 trillion, the U.S. government debt held by the public.
The growing U.S. debt — $15.6 trillion, if you throw in Social Security and Medicare — is one reason people fear inflation and think that the monetary system is out of control. "Never in history have we run debts and deficits to this magnitude," says Lance Roberts, chief economist at StreetTalk Advisors. "We've never been here before."..............................................Full Article: Source
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