Any economist have a clear answer yet?
‘Why are we borrowing in a currency that we print ourselves?’
😅 nostr:note1a8qwgawcw4r7eyypguulgh7g48enkszprfs4lnv9ucv7ksl3asxqawdd0w
Discussion
Answer:
The question is wrong. The government is just a facilitator. The major banks are the ones printing money, backed by the central bank acting as cartel coordinator.
Yes, although, couldn’t the big banks be considered as government at this point?
Love to hear your take on this nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
The government secures the banks' income via taxation and socializes banks' losses. Nice marriage.