Cory Doctorow on Nostr: Of course, most governments run "deficits" - which is another way of saying that they ...
Of course, most governments run "deficits" - which is another way of saying that they leave more dollars in the economy at the end of the year than there was at the start of the year, or, put another way, a deficit probably means that your economy got bigger, so it needed more dollars.
None of this means that governments can spend without limit. But it *does* mean that governments can buy anything that's for sale in their own currency.
22/
Published at
2023-11-01 16:25:17Event JSON
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