I’ve once heard that the USA owns most of its debt to itself, how is that possible? How can you owe debt to yourself?

Question

I’ve once heard that the USA owns most of its debt to itself, how is that possible? How can you owe debt to yourself?

In: 252

Answer 1

“Hey, let’s allow a small group of billionaires to make a central bank money printer that we’ll pay infinite interest to forever!”

– The US government about the Federal Reserve