01-11-2025, 11:36 AM
So let's imagine 80 trillion dollars are issued, but 42 are taken back in taxes.
That leaves 38 trillion out there in the world. And that is the real meaning of public debt.
It's spending (80T issuance) minus revenues (42T)
That leaves 38 trillion out there in the world. And that is the real meaning of public debt.
It's spending (80T issuance) minus revenues (42T)

