minus-squarekarashta@kbin.melroy.orgtomemes@lemmy.world•Take your FICO and shove it!linkfedilinkarrow-up0·6 months agoExcept a nation with no debt and a negative trade balance has negative wealth. The government debt is the private sector surplus when there a negative trade balance. The government is literally the source of money. Every dollar created is part of that “debt”. Every dollar is an IOU issued by the federal government that it will be accepted to relieve tax obligations. " Zero national debt " means zero dollars left in circulation after taxation. linkfedilink
Except a nation with no debt and a negative trade balance has negative wealth.
The government debt is the private sector surplus when there a negative trade balance.
The government is literally the source of money. Every dollar created is part of that “debt”.
Every dollar is an IOU issued by the federal government that it will be accepted to relieve tax obligations.
" Zero national debt " means zero dollars left in circulation after taxation.