I don't know when this central bank money management started. Was it 19th century England? Whatever, it's become an exercise in unreality and mind-bendery over recent decades. Put it all on the national credit card and let the next generation deal with it.
"Whoever succeeds Jerome Powell as Fed chairman will face a no-win choice. He could try to keep interest rates low to ensure the federal government’s interest payments remain manageable, at the cost of making it more likely the US economy will face another Federal Reserve caused meltdown. Instead, he could try increasing rates to limit price increases thus raising the cost of managing government (and private sector) debt to unsustainable levels, throwing the economy into a severe downturn.Congress members and President Trump are attacking Chairman Powell for spending over two billion dollars on Federal Reserve headquarters renovations. This is a waste of taxpayer money, but it pales in comparison to the harm suffered by the American people because of the Federal Reserve’s inflationary policies."
