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gruez
on Sept 22, 2020
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U.S. Household Net Worth Hits Highest Level Ever
And so did fed balance sheets[1]. It's clear that this is all just printed money.
[1]
https://fred.stlouisfed.org/series/WALCL
anm89
on Sept 22, 2020
[–]
Yes but that debt/printed money is interspersed throughout the economy in incredibly complicated ways and cannot easily be reversed. This does not necessarily mean the debt isn't real or can't cause problems.
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[1] https://fred.stlouisfed.org/series/WALCL