Well, it’s official. The United States national debt has finally surpassed $30 trillion!
Notably, since 1993, the US Treasury’s national debt chart appears to only move in one direction—up. Clearly, this would not have been possible without the steadfast support of the United States’ de facto central bank – The Federal Reserve.
The Fed has done a remarkable job for its primary stakeholders in satisfying the US government’s insatiable appetite for debt. Wall Street hasn’t fared too badly either. Ahh, a match made in heaven for the privileged!