debt denominated in a currency you control doesn't work the same way as it does for everyday citizens and companies. also, the original article is economically

debt denominated in a currency you control doesn't work the same way as it does for everyday citizens and companies. also, the original article is economically illiterate. you can pay off debts larger than the whole economy. say I live on an island and we have 1 dollar in coins that we use for trade. you go into debt to me for 2 dollars. how is this possible? easy, you do a dollars worth of work for me and pay me the dollar. then you do another dollars worth of work for me and pay me again. we're square. getting sick of the "money = magic" line of grade school economics.