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So why do governments take loans to fund their spending if it's not neccessary to balance the money coming in and going out? Why do countries go bankrupt and default if they can just print the money?
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Jan 24, 2019 06:57
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| # ¿ May 16, 2024 01:39 |
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theblackw0lf posted:Probably should have clarified this in the beginning. This only applies to governments that are sovereign, who control their own currency, and who back their own currency. It doesn’t apply to a country like Greece for example, because they use the Euro. Argentina defaulted in the 90s didn't it?
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Jan 24, 2019 07:16
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