It's logically impossible for a government to borrow the currency it issues. Wha... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		dools on Oct 23, 2024 \| parent \| context \| favorite \| on: A step toward fully 3D-printed active electronics It's logically impossible for a government to borrow the currency it issues. What we refer to as borrowing is just swapping one government liability (reserve balances) for another (treasury bonds).

exe34 on Oct 23, 2024 [–]

you don't borrow from the present, you borrow from the future and hope to pay it back with growth

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact