What This Means for You:
- The impact of government debt is felt on a global scale, affecting budgets for social programs, infrastructure, and taxes.
- However, unlike personal or corporate debt, countries have mechanisms to manage and manipulate the debt, leading to potential long-term consequences.
- As a citizen, it's important to understand the role and power of government debt in shaping our economy and society.
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Content Curator | Absurdist | Amateur Gamer | Failed musician | Successful pessimist | Pianist |
Just like income, debt has levels, and each level changes how you live, what you can do, and how much freedom you really have.
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