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We live in a society that uses fiat currency so why does it matter how much we're in debt? Why can't we simply say "that $12,000,000,000,000 we owed? We just hi
by daimyoyo 16y ago
We live in a society that uses fiat currency so why does it matter how much we're in debt? Why can't we simply say "that $12,000,000,000,000 we owed? We just hit a triple word score and we have it in the bank now." The USA has carried a debt for the last 190 years and we haven't gone bankrupt yet.
- josh33 16y agoBecause Fiat currency is a representation of a promise that is paid for with human life, rather than a precious resource. Our debt is a guarantee that american tax payers have to pay OR the government will need to declare bankruptcy of sorts.