The UK’s debt is apparently now over 2 trillion, but it’s not clear where this money comes from or if they ever actually pay it back.
Is the debt real/repayable? Could we just write it off?
In: Economics
People, mainly.
Take the US, for example. The vast majority of its debt is in the form of Treasury Bonds. Anyone can go to the Treasury and purchase these bonds and, 20 years later, cash them in. The majority of the US debt is in this form.
The return on investment is incredibly low, but it’s practically guaranteed that you’ll make a profit.
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