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
Dave Johnson
npub1xg…98cqp
2024-09-23 07:16:10 UTC
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npub1xglyyzfk9vz8dtg2e6n2ldyu0auzsvr8e2s72kj4vhp8pf4gsheqh98cqpSeen on
wss://relay.momostr.pinkPublished at
2024-09-23 07:16:10 UTCEvent JSON
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