Lawyer?
You are correct in everything you've said. The national "debt" clock should be thought of more as a national "savings" clock...
US government doesnt sell bonds to fund operations, it is never revenue constrained (because the US dollar is a non-commodity backed, floating exchange rate, fiat currency). It sells bonds to remove dollars from the…
Lawyer?
You are correct in everything you've said. The national "debt" clock should be thought of more as a national "savings" clock...
US government doesnt sell bonds to fund operations, it is never revenue constrained (because the US dollar is a non-commodity backed, floating exchange rate, fiat currency). It sells bonds to remove dollars from the…