If US debt-to-GDP is such a problem, why aren’t US Treasury rates surging and other fiat currencies surging relative to the dollar?

could it be that macroeconomic and monetary theory doesn't fully explain behavior

not-knowing ✹ 🍕-fan ✹ productive discomfort + idk ✹ Marseille / Singapore / Auvergne ✹ The Uncertainty Mindset (2020) ✹ now: vaughntan.org/now-ish

these behaviors also take time: see 2007-8, which took quite a while when it was easier to start acting imo since there was a less geopolitical flavor to it