The ultimate irony being that the “national debt” is simply the tally of all interest bearing and non interest bearing dollars created by the government that haven’t been taxed out of existence.
There’s no scenario where we can’t pay debt denominated in our own currency, unless the government chooses not to pay.
The ultimate irony being that the “national debt” is simply the tally of all interest bearing and non interest bearing dollars created by the government that haven’t been taxed out of existence.
There’s no scenario where we can’t pay debt denominated in our own currency, unless the government chooses not to pay.
https://en.m.wikipedia.org/wiki/Sectoral_balances