Sir ReadyKilowatt on Nostr: "But we owe it to ourselves!" Tell me, have you ever loaned out money to a friend? If ...
"But we owe it to ourselves!"
Tell me, have you ever loaned out money to a friend? If you have, did you charge them interest? (no, of course not)
Now imagine loaning out money to a stranger. Why would you? Well, maybe if they promised to pay you back plus a little extra, perhaps. But you have to trust they'll follow through.
So far, the US treasury has been making the payments. But what happens if they don't? Or there's another borrower who offers a better deal?
https://www.mauldineconomics.com/frontlinethoughts/one-way-road-to-crisis
Tell me, have you ever loaned out money to a friend? If you have, did you charge them interest? (no, of course not)
Now imagine loaning out money to a stranger. Why would you? Well, maybe if they promised to pay you back plus a little extra, perhaps. But you have to trust they'll follow through.
So far, the US treasury has been making the payments. But what happens if they don't? Or there's another borrower who offers a better deal?
https://www.mauldineconomics.com/frontlinethoughts/one-way-road-to-crisis