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Homeby Witness Moecki
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RE: What is the US national debt

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pompe72 (64)in #economics • 9 years ago

It's a debt trap. If I create $10 and lend them to you but I want $11 back. You can never repay me because only $10 were ever created. That means that I'll to create more $ and you will be in debt forever.

9 years ago in #economics by pompe72 (64)
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