Of course we do. We can borrow as much as people want to save in the currency of issue. Because the two are identical by accounting identity And there is no n

Of course we do. We can borrow as much as people want to save in the currency of issue. Because the two are identical by accounting identity And there is no need at all to pay people to do that. They will do it naturally for lots of reasons, insurance, status or just good old fashioned mercantilism. States borrow in the same way your bank borrows when you pay money into your checking account. It's a function of the way the accounting works, not a statement of moral virtue.