Yup, and that doesn't affect USG ability to borrow much.
Google “ponzi scheme” to understand how the USG is funded.
Again, the Federal Reserve can print an unlimited supply of USD.
If Ponzi could have printed IRCs, the analogy would make more sense.
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Yup, and that doesn't affect USG ability to borrow much.
Google “ponzi scheme” to understand how the USG is funded.
Again, the Federal Reserve can print an unlimited supply of USD.
If Ponzi could have printed IRCs, the analogy would make more sense.