Random factoid:
For most businesses and--especially--governments, #debt isn't paid off, it is rolled forward.
Paying off debt is counterproductive and actually injurious to a credit-based, Keynesian economic system.
It is not the goal, and it never has been... despite the rhetoric.
---
As an aside, things will function very differently once #Bitcoin inevitably becomes the global reserve asset and global reserve currency over the coming decades.
DrJeff / Dr. Jeff
npub1k7…3c04l
2025-01-19 16:45:34 UTC
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lPublished at
2025-01-19 16:45:34 UTCEvent JSON
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"content": "Random factoid:\n\nFor most businesses and--especially--governments, #debt isn't paid off, it is rolled forward.\n\nPaying off debt is counterproductive and actually injurious to a credit-based, Keynesian economic system.\n\nIt is not the goal, and it never has been... despite the rhetoric.\n\n---\n\nAs an aside, things will function very differently once #Bitcoin inevitably becomes the global reserve asset and global reserve currency over the coming decades.",
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