Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 8 months agoU.S. national debt surpasses $34 trillionwww.upi.comexternal-linkmessage-square35fedilinkarrow-up1117arrow-down114
arrow-up1103arrow-down1external-linkU.S. national debt surpasses $34 trillionwww.upi.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 8 months agomessage-square35fedilink
minus-squaremetaStatic@kbin.sociallinkfedilinkarrow-up19arrow-down1·8 months agoAll money is currently debt. Every dollar in existence is owed to someone at interest. This is functionally the same as saying we have a lot of money.
All money is currently debt. Every dollar in existence is owed to someone at interest.
This is functionally the same as saying we have a lot of money.