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by RobertoG
3749 days ago
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You can only pay yours debts with the government with money created by the government. And this is not something new. Government money is, also, a liability in a very real accounting sense too. When the government creates money (by crediting the accounts of their providers, for instance) it is also registered as a liability for itself. This same money always will be accepted back as a payment. That's the promise. |
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