@TheBaldness@beehaw.org to Finance@beehaw.org • 10 months agoWhy can't the government buy its own debts and cancel them?message-square15fedilinkarrow-up110arrow-down10file-text
arrow-up110arrow-down1message-squareWhy can't the government buy its own debts and cancel them?@TheBaldness@beehaw.org to Finance@beehaw.org • 10 months agomessage-square15fedilinkfile-text
minus-square@Zworf@beehaw.orglinkfedilink4•10 months agoThey can just not pay them back, defaulting basically. But then their ratings will go down (a LOT) and basically they will not be able to loan any more, at least not on favourable terms because the market doesn’t trust them anymore.
They can just not pay them back, defaulting basically.
But then their ratings will go down (a LOT) and basically they will not be able to loan any more, at least not on favourable terms because the market doesn’t trust them anymore.