Actually there is a simple way to pay off that $35 Trillion debt in just 47 days.
You simply double prices everyday.
For instance it starts out with the President flipping an intern a dollar coin to buy a cup of coffee
The next day, on day 1 the coffee is $2
Day 2 - $4
Day 3 - $8
On Day 10 it will be $1024
Day 20 just over $1,000,000 (million)
Day 30 just over $1,000,000,000 (billion)
Day 40 just over $1,000,000,000 (trillion)
on day 47 instead of getting a cup of coffee for $64 billion the president flips a new $64 Trillion coin to the Treasury Secretary and tells him/her to pay off the $35 Trillion Debt and they have change left over.
Meanwhile all over the country people who have hidden their money under mattresses suddenly realize that it is useless, they can't even buy a cup of coffee with it. All the value has been sucked away.
Actually there is a simple way to pay off that $35 Trillion debt in just 47 days.
You simply double prices everyday.
For instance it starts out with the President flipping an intern a dollar coin to buy a cup of coffee
The next day, on day 1 the coffee is $2
Day 2 - $4
Day 3 - $8
On Day 10 it will be $1024
Day 20 just over $1,000,000 (million)
Day 30 just over $1,000,000,000 (billion)
Day 40 just over $1,000,000,000 (trillion)
on day 47 instead of getting a cup of coffee for $64 billion the president flips a new $64 Trillion coin to the Treasury Secretary and tells him/her to pay off the $35 Trillion Debt and they have change left over.
Meanwhile all over the country people who have hidden their money under mattresses suddenly realize that it is useless, they can't even buy a cup of coffee with it. All the value has been sucked away.
And that is how inflation works.
Although on a slower time scale.
It's the politicians preferred way.
It's taxation without representation.