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  • Of course, the President doesn't personally borrow money.

  • Really, the Department of the Treasury, that he oversees, issues debt on behalf of the US government,

  • and fully explaining the process by which the government issues debt in the same department

  • that both prints new cash and collects taxes

  • quickly leads to questions about money's existential nature.

  • So, for simplicity's sake, let's just ignore that for now.

Of course, the President doesn't personally borrow money.

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B1 中級

腳註†摘自 "債務上限解讀" (Footnote † from "The Debt Ceiling Explained")

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    林宜悉 發佈於 2021 年 01 月 14 日
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