“This means we are “selling” government bonds to other government agencies.”
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I’m having a hard time wrapping my head around this particular economically pathological, Commie strategem.
What “agencies” would “buy” government debt? And for what purpose? Most importantly, what happens WHEN, not if, they don’t “pay it back”.
Sorry for the surfeit of quotes, but this is clearly a criminal shell game that makes a sham and mockery of solid economic concepts.
Doesn't matter, they are all dealing with imaginary money tracked by their made-up rules. Where it becomes real is how it affects real money interest rates and inflation. Economists say if the fed gov had to follow regular accounting rules the real yearly deficit is in the $4 to $5 trillion range b/c future spending (national debt interest, social security, medicare, etc) would have to be factored in.