4 ms·
You make it sound like the answer to the student’s question is something like: “Government debt is different because it’s in a currency that the government can
by someguydave 8y ago
You make it sound like the answer to the student’s question is something like:
“Government debt is different because it’s in a currency that the government can arbitrarily create. The government can force its subjects to use this currency through the power of taxation and in the worst case, military occupation and martial law”