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My economics ignorance has me asking "how can the entire system be in debt?" Wouldn't it always be break even? Just with some places having debt and others surplus. Again, my ignorance is the important part here haha.
I think it's because the figure was for "public [government-held] debt", which can be owed to private creditors.
Ah yes! Thank you!
My economics ignorance has me asking "how can the entire system be in debt?" Wouldn't it always be break even? Just with some places having debt and others surplus. Again, my ignorance is the important part here haha.
I think it's because the figure was for "public [government-held] debt", which can be owed to private creditors.
Ah yes! Thank you!