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Originally Posted by Gravdigr
Could someone take a look at this article and tell me if it's correct, close-to-correct, or, bullshit? |
I'd say it's pretty close to correct. Calling treasury bonds debt is akin to calling bank accounts "debts" of the bank. Which is technically true, but usually meaningless. Unless there's a run on the bank, like in "It's a Wonderful Life", and everyone calls in the debt at once.