4 ms·
It does get paid in full at the maturity. It's just that the governments rollover the debt by selling new debt.
by allisdust 3y ago
It does get paid in full at the maturity. It's just that the governments rollover the debt by selling new debt.
- Kranar 3y agoAlso worth mentioning that for a period of about 8 years the U.S. government had a guaranteed buyer of U.S. debt, the Federal Reserve, who simply printed whatever amount of money was necessary to purchase U.S. bonds on the open market to the tune of what is estimated to have been 4 trillion dollars.