How do countrys get in so much debt and why do they keep expanding on ther debt?
In: 9
Because money is made up. It isn’t real debt, as it will never be paid back.
The other answers are correct. Money comes into existence because governments decide that it should. Likewise, the debt is ignored because it keeps the game going.
99% of the time, it works. But it breaks down in times of crisis. Hence why we’re experiencing economic turmoil.
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