Governments constantly spend revenues they do not possess

HERE’S THE INTERESTING PART

Living wildly beyond your means is supposedly a terrible idea for citizens but standard operating procedure for the state. By constantly issuing new treasury bonds, administrations fund operations strictly on borrowed time.

From the Stacky collection1 min read

Governments constantly spend revenues they do not possess — STACKY / Economy

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Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

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Economy

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

Discover more

Economy

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from…

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Economy

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…

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Economy

A country can refuse to repay its debt

Unlike an average citizen, a sovereign nation cannot easily be repossessed. When a government runs completely out of capital, they just announce they are not…

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Economy

Macroeconomics studies the forest instead of the trees

While microeconomics worries about why you chose to buy a generic brand, macroeconomics zooms so far out it loses sight of the individual entirely. It…

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Governments constantly spend revenues they do not possess

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

A country can refuse to repay its debt

Macroeconomics studies the forest instead of the trees

A bigger world.
One discovery
at a time.