3 ms·
Government debt is not like household debt https://econproph.com/2011/07/14/private-debt-vs-government-debt/ https://econproph.com/2011/07/14/private-debt-vs-g
by anentropic 10y ago
Government debt is not like household debt
https://econproph.com/2011/07/14/private-debt-vs-government-debt/ https://econproph.com/2011/07/14/private-debt-vs-government-...
http://blogs.reuters.com/great-debate/2013/01/14/why-public-debt-is-not-like-credit-card-debt/ http://blogs.reuters.com/great-debate/2013/01/14/why-public-...
https://mises.org/library/government-debt-not-private-debt https://mises.org/library/government-debt-not-private-debt
etc etc
- qubex 10y agoYes, in short: government debt is monetisable (circulated) and is indeed the whole basis for the currency. Household debt is not.