“the mechanics are pretty simple because the finances of countries’ governments work the same as the finances of individuals and organizations, except governments have the abilities to 1) print money and 2) take money from some people and give it to others.”
摘抄自： The Farce and Consequences of the Debt Limit and the Debt | LinkedIn
January 27, 2023 at 02:10PM
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“Because money and debt are not limited, those who make the decisions on how much to spend on what don’t look at how much money they have to spend and then prioritize what they should spend it on. They instead decide how much they want to spend and then decide whether they will get it from taxes (which is hard because people fight to keep their money) or borrow it, and if they borrow it, they have to decide whether they sell it to lender-creditors who want it or sell it to central banks who print the money to buy it.”
摘抄自： The Farce and Consequences of the Debt Limit and the Debt | LinkedIn
January 27, 2023 at 02:10PM
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晚安哦