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> the difference between private sector debt and federal government debt is the former has to pay it off or face consequences Absolutely not true. There are na
by threatofrain 2y ago
> the difference between private sector debt and federal government debt is the former has to pay it off or face consequences
Absolutely not true. There are nation strategy-class companies. Whether or not the companies that have been bailed out are in that class is another matter, but it'd be stupid to think that a company should die just because the unfree market said so. That's certainly not how the Chinese have been playing this game.