The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.
  • jjjalljs@ttrpg.network
    0·
    17 days ago

    I’m pretty confident that selling bonds is not the only mechanism by which the government has access to money. Selling bonds is a common way for cities and states to raise funds, but I’m pretty sure the federal government can just … fund stuff.

    • NaibofTabr@infosec.pubEnglish
      0·
      16 days ago

      I’m pretty confident that selling bonds is not the only mechanism by which the government has access to money.

      No, of course the government has other sources of revenue. That’s not what I said.

      Bonds are the mechanism by which the government issues new money. They cannot “print money” without selling the equivalent value in bonds.