How does this s*** work ?

Like can we just start spending like crazy and add it to our debt without Paying back?

Money is not printed out of thin air bro

The more money you print, the less it's worth. This is called inflation. In early American history, we backed our currency with gold. This was called the gold standard, and was a way to significantly reduce inflation, since our money wasn't fabricated and had intrinsic value (think a dollar could get you one dollar of gold from the government).

However, pretty soon we realized with the industrial revolution there simply wasn't enough gold to back every dollar in the world. While it made our currency worth a lot, this had unintended side effects. For example, if I bought a house for 1k in cash and 9k in loans, that loan would always be the same monetary price, even if the property itself depreciated in value over time. This was especially applicable to farmers, who wanted some form of debt forgiveness.

Inflation essentially meant that if I bought a house for 10k, it would lose value with the rate of currency losing value, meaning suddenly 10k might only be worth 8k by the time the loan was paid, meaning the depreciation on my house was almost accounted for.

Back to your question: our rate of inflation is typically about 2% per year. The federal reserve and treasury control the amount of money you can print to combat inflation rising over this amount. However, since we no longer have the gold standard, there isn't any sort of physical limit on the amount of money we can produce.

This essentially means right now, the government is printing money to bail out the economy and ignoring the long term consequences for inflation. Inflation also helps during a recession, but thats super super complicated to explain. What this means is everyone with a lot of savings will have less money, but everyone's loans will have less value. If left un checked, this can quickly turn into 100k having the same buying power as 20k, essentially bankrupting the nation. Im hoping it wont get that bad though.

The guys they’re giving most of the money to are expected to pay it back eventually

The biggest lie is there isn’t enough money in the world

yeah thats how the FED works

bro you really never heard of inflation?

thought everyone understood at this point

You'd eventually be walking to store with a big ass suitcase, full of money, just to buy a loaf of bread. Imagine that.

Look up Stéphanie kelton

Deficit fixation in US by and large is a non issue