David Rubenstein says there's only one solution to US debt - inflation

Thu, 07/20/2023 - 13:25

Tech Insider

Economy

• The US won't cut spending, raise taxes much, seek a bailout, or default on its debt, David Rubenstein said.
• "The only alternative is to inflate your way out," he told Bloomberg TV.
• But that will exacerbate income inequality, Rubenstein warned.

The US won't climb out of its $32 trillion debt, David Rubenstein said. Instead, its best bet is to lean on inflation.

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economy, Markets, MI Exclusive, David Rubenstein, Inflation, US Debt, Default, Income Inequality

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David Rubenstein says there's only one solution to US debt - inflation