One reason is that debt creates relationships. When you owe money to someone, and they’re counting on you to pay it back, that’s a relationship that keeps things like global war at bay.
Other countries don’t care about the US paying off the debt, they care that the US can continue to pay the interest on the debt, because that is a guaranteed income.
Moreover, all countries are in debt to each other. The US owes money to Mexico, that owes money to Britain, that owes money to the US (for instance). Everyone pays debt interest in a loop. It seems pointless but it means countries are continuously proving that they have healthy economies that generate enough money to pay off their debts, and this gives investors confidence that they can invest in the country and earn a profit.
The UK pays its debt interest, therefore the UK is a country to start businesses in.
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One reason is that debt creates relationships. When you owe money to someone, and they’re counting on you to pay it back, that’s a relationship that keeps things like global war at bay.
it’s good because it’s in bonds and it gives x amount of extra money upon agreed date when u buy bonds.
from an investment point, it’s good.
it’s not good for the majority of americans who are bottom feeders since their wage doesn’t move with inflation/investments (if they even have any).
Debt is fine so long as you can pay the interest.
Other countries don’t care about the US paying off the debt, they care that the US can continue to pay the interest on the debt, because that is a guaranteed income.
Moreover, all countries are in debt to each other. The US owes money to Mexico, that owes money to Britain, that owes money to the US (for instance). Everyone pays debt interest in a loop. It seems pointless but it means countries are continuously proving that they have healthy economies that generate enough money to pay off their debts, and this gives investors confidence that they can invest in the country and earn a profit.
The UK pays its debt interest, therefore the UK is a country to start businesses in.