3 ms·
Most of the U.S. debt is owed to domestic creditors (about 70% as of this July), and of that 40% is held by the Federal Reserve (for 28% of total debt). (These
by gamblor956 3y ago
Most of the U.S. debt is owed to domestic creditors (about 70% as of this July), and of that 40% is held by the Federal Reserve (for 28% of total debt). (These numbers don't include benefits-related debt like Social Security funding.)
- marcusverus 3y agoIs this fact--that the government has to print money to buy its own debt--an argument in favor of debt spending? Do you imagine that this is a free lunch?