[quote=briansd1][quote=DomoArigato]QIf having a large debt-to-GDP ratio is certain to lead to doom, why shouldn’t the Federal Reserve just buy the U.S. debt and retire it?
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Technically, the Fed would own the debt, but the government would still owe the money.

The Fed and the Federal Government are not exactly the same.

The Fed would need to pay a premium to buy up all the debt and that might cause the Fed to incur huge losses.[/quote]

By ‘retire’ the debt, I meant that the Fed would just print whatever money they need to buy the debt. The Fed wouldn’t incur any losses because they would be buying the debt with money that they had printed.