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I really wish we could retire the word "borrowed" to describe the nature of sovereign debt. It makes it sound like we're borrowing dollars from the Chinese to
by caseydurfee 12y ago
I really wish we could retire the word "borrowed" to describe the nature of sovereign debt. It makes it sound like we're borrowing dollars from the Chinese to pay NASA. That's not how it works. (United States currency is one of the few things that isn't made in China these days.)
- fargolime 12y agoAre you suggesting there are no adverse consequences to the "borrowing", similar to borrowing?