>That is how it works for citizens and households. >That is not how it works for governments and central banks. At no point did I mention households. Governm

>That is how it works for citizens and households. >That is not how it works for governments and central banks. At no point did I mention households. Governments absolutely do borrow money - https://www.investopedia.com/terms/t/treasurybill.asp https://www.investopedia.com/terms/t/treasurybill.asp If they weren't borrowing money, then what do you call the interest they have to pay? Which by the was $1 trillion last year - https://www.crfb.org/blogs/debt-rises-interest-costs-could-top-1-trillion https://www.crfb.org/blogs/debt-rises-interest-costs-could-t... Imagine what we could do with that trillion dollars...instead we have to print more money and deflate the savings of our middle class citizens to cover the cost.