The purpose of government securities is not to fund spending but to give the rich a safe place to park their capital with interest.
You have a source on this? I find it difficult to believe that it is ever a good idea to just take out a loan for the sake of making the interest payments. Especially using public funds, that sounds pretty close to embezzlement.
Rather, a country’s budget should always make use of debt, because its reputation has value and should be invested, not left sitting on the table.
You’re still mistaking a state with monetary sovereignty for a business. It’s nothing like a business or a household or even a province or municipality. Money works completely differently at this level. Previously:
But you understand that everything you linked are examples of why a govt can’t actually print infinitely and can’t just pay interest to rich people…right?
Also it’s a red flag to me that all of your sources are youtube videos.
You have a source on this? I find it difficult to believe that it is ever a good idea to just take out a loan for the sake of making the interest payments. Especially using public funds, that sounds pretty close to embezzlement.
Rather, a country’s budget should always make use of debt, because its reputation has value and should be invested, not left sitting on the table.
You’re still mistaking a state with monetary sovereignty for a business. It’s nothing like a business or a household or even a province or municipality. Money works completely differently at this level. Previously:
But you understand that everything you linked are examples of why a govt can’t actually print infinitely and can’t just pay interest to rich people…right?
Also it’s a red flag to me that all of your sources are youtube videos.
We already agreed on why governments don’t print infinite money.
We know it can because we know it does. The wealthy buy US Treasuries for risk-free returns on investment.
The reason I link to YouTube videos is because most people don’t read. They’re not going to read Karl Marx or Michael Hudson.