4 ms·
> "The national debt is like a credit card bill." Where you have the power to pay it off at will because you create the money. Assuming sovereign currency. (ht
by calibraxis 11y ago
> "The national debt is like a credit card bill."
Where you have the power to pay it off at will because you create the money. Assuming sovereign currency. (http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity http://www.theguardian.com/commentisfree/2014/mar/18/truth-m...)
It's really funny-money. Bureaucratic number-shuffling to make debt peons. To force people to chase numbers all their lives. Ever wondered what money is to an entity which creates it by changing numbers on a computer?