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Public debt should really be called something other than debt since it behaves very differently from private debt, especially for nations with sovereign currenc
by api 7y ago
Public debt should really be called something other than debt since it behaves very differently from private debt, especially for nations with sovereign currencies.
- toomuchtodo 7y agoIt’s more of a security that tracks future national GDP; as long as you believe the US government will continue to exist and have the ability to tax a functioning US economy, treasuries have value.