politics @lemmy.world · 25 days ago

The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

MuskyMelon@lemmy.world to

politics @lemmy.world · 25 days ago

The US has the highest national debt in the world, a quarter of which is owned by other countries.

A primer for those who don’t understand.

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25 days ago
No? That hasn’t been the case since Nixon. Fiat money has been the international standard for over half a century.

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