Q for you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a if I may.
Reading your excellent book, Broken Money.
Central Banks hold their own country's debt as their assets. Why can't a government just issue more currency without the charade of a separate entity holding debt everyone know they will never repay?
Plus I don’t think we pay off the national debt with currency.. ? Assuming you’re referring to paper dollars ? Those are commercial bank liabilities. They’re tied to an asset in the bank balance sheet.
Gov debt would be “paid off” via a digital ledger, a digital dollar.
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