Our debt

The world will buy our debt so long, and not a moment longer, than it can obtain nothing safer, or as safe with a higher coupon. Our politicians don’t really take themselves seriously- why should the purchasers of our debt? So long as the currency- the US$- in which our bonds are denominated is the world’s reserve currency, and so long as the world’s economy keeps growing, we can keep on issuing more debt, and they will keep on buying it.  Chris S.


About basicrulesoflife

Year 1935. Interests: Contemporary society problems, quality of life, happiness, understanding and changing ourselves - everything based on scientific evidence. Artificial Intelligence Foundation Latvia, http://www.artificialintelligence.lv Editor.
This entry was posted in Common, Economics and Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s