Earlier quoted context omitted.
> Why should we be borrowing all this money from foreigners when we’re a rich country? The crazy thing is, most of the money that the US borrows from is from their own citizens... not foreigners. I don't know why everyone presumes that US debt is mostly or entirely owed to other countries. It isn't.
Why doesn't the US just print money instead of having to borrow money then print it? does any other country do it this way?
Those with existing assets (including retired folks in the US) theoretically "lose" in this situation.
You can split the US and see inequality arise from printing: (1) US federal govt vs non-govt entities (2) US citizens with assets vs US citizens without assets, (4) people who received money first vs people who last bits of the "trickle down".
In various cases, certain people "win" and others "lose"