Money is free, but it is not a lunch. You can't eat it. It doesn't actually do anything at all by itself, which is why you CAN create it out of thin air!
What matters is real productive capacity. Factories that build stuff, fields that grow crops, people learning skills. If next year, we have shuttered factories and fallow fields and a less skilled workforce - then the future has paid the price!
Perhaps the government saves the future by borrowing today. The Fed issues bonds, Jeff Bezos buys them, and in 50 years Jeff Bezos's kids own bonds, that yours and my children pay for through taxes. But that is a wealth transfer between people in the future, not a transfer from the future to today.
What matters is real productive capacity. Factories that build stuff, fields that grow crops, people learning skills. If next year, we have shuttered factories and fallow fields and a less skilled workforce - then the future has paid the price!
Perhaps the government saves the future by borrowing today. The Fed issues bonds, Jeff Bezos buys them, and in 50 years Jeff Bezos's kids own bonds, that yours and my children pay for through taxes. But that is a wealth transfer between people in the future, not a transfer from the future to today.