https://youtu.be/uwTznearUKg?si=AxPZ5ZHU0xXXGZkc
*I have studied economics, this is the closest answer besides barter: Government has the right to print money, because if each individual could print money, then what identifier would convince the receiver that the money is good? Money is a permission slip. It is a social permission slip saying: "trust me, this good yo." OR "you can spend this elsewhere." *the amount of debt to GDP ratio a country should have is still up for academic debate and is a pHD level question; answer based in macroeconomic, not microeconomic theories.
No comments:
Post a Comment