I get the same descriptions from news sources about the debt ceiling. None of them explain the big picture, the story is sold as "what does this mean for me personally?"
I have questions. Economics is my weakest subject. I simply think of money as smething related to work and purchasing goods. I understand jobs and inflation and all that.
The government part is a little fuzzy to me.
When the government is out of "cash" what do they do about t-bills for example? And what do our creditors do in general? just wait?
https://en.wikipedia.org/wiki/United...asury_security
I have questions. Economics is my weakest subject. I simply think of money as smething related to work and purchasing goods. I understand jobs and inflation and all that.
The government part is a little fuzzy to me.
When the government is out of "cash" what do they do about t-bills for example? And what do our creditors do in general? just wait?
https://en.wikipedia.org/wiki/United...asury_security
via International Skeptics Forum https://ift.tt/qMAgi6W
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