vendredi 20 janvier 2023

US Government default, debt ceiling, cash on hand etc.

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


via International Skeptics Forum https://ift.tt/qMAgi6W

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