Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 5 days agoELI am 5 or 10 how a single person can easily balance a checkbook but the government seems to have problems with?message-squaremessage-square7fedilinkarrow-up111
arrow-up111message-squareELI am 5 or 10 how a single person can easily balance a checkbook but the government seems to have problems with?Don_Dickle@lemmy.world to Explain Like I'm Five@lemmy.worldEnglish · 5 days agomessage-square7fedilink
minus-squaredeadcatbounce@reddthat.comlinkfedilinkEnglisharrow-up7·4 days agoGovernments can create/destroy money supply. They don’t need to balance cheque books so it’s not an analogous concept. Extra bonus: read around fiat currencies.
Governments can create/destroy money supply. They don’t need to balance cheque books so it’s not an analogous concept.
Extra bonus: read around fiat currencies.