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The "national debt" means money spent into the economy but not taxed back out.

That's it. That's all. It is not "borrowed." It is not "owed" to anyone. It does not have to be "repaid."

The use of the word "debt" is a legacy from days when kings had to round up gold.

#debt #money #MMT

#debt #money #mmt
in reply to Dave Johnson

Cyberspice
Cyberspice
• •
Well bonds need to be repaid. The government does borrow. However they are usually pretty reliable.
in reply to Max™

Ooze 𓁟
Ooze 𓁟
• •
@maxthyme @cyberspice They make the subject states of their empire pay it by making them buy US treasury bonds.
@Cyberspice @Max™
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