Well, I beg to differ. The citizens are essentially the guarantors of
the government debt. When the government spends money it does not have,
it is still ultimately intended to come from your pocket as the
government does not have money or earn money.
RB
On 22/12/2020 11:20 AM, Rick Knoble via Mercedes wrote:
I trust you are aware that the "government money" >comes from the citizen
taxpayers.
It would be wonderful if that was the case.
https://www.investopedia.com/terms/f/fiatmoney.asp
https://youtu.be/2qjCj8phzaM
https://www.investopedia.com/terms/q/quantitative-easing.asp
It's not.
https://www.investopedia.com/terms/q/quantitative-easing.asp
Rick
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