RandAlThor@lemmy.ca to News@lemmy.world · 16 days agoAmerica is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shakyuk.finance.yahoo.comexternal-linkmessage-square53linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkAmerica is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shakyuk.finance.yahoo.comRandAlThor@lemmy.ca to News@lemmy.world · 16 days agomessage-square53linkfedilink
minus-squareNaibofTabr@infosec.publinkfedilinkEnglisharrow-up0·15 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.
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.