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The Benefits of Finding Wonder In The World & What Is Money and How Does It Work?

Something You Should Know

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The Debt Ratio

The US government doesn't have a finite lifetime. It has been around for over 200 years, and maybe it'll be around 200 more years. How can you just keep printing money and say that there's no real consequence to that? The debt, government's debt, is our asset. We are happy to hold that and we get to earn interest on it. But households and firms at some point need to repay their debts. And hopefully, by the time you die, you're going to pay off your debt.

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