Mortgages aren’t only one among many phyla of dollar-denominated debt, they‘re not even the biggest [1][2]. And fiscal spending can create new money without debt. Debt is the monetary channel’s mechanism.
[1] https://www.statista.com/statistics/274636/combined-sum-of-a...
[2] https://en.m.wikipedia.org/wiki/National_debt_of_the_United_...
This item has no comments currently.
It looks like you have JavaScript disabled. This web app requires that JavaScript is enabled.
Please enable JavaScript to use this site (or just go read Hacker News).
Mortgages aren’t only one among many phyla of dollar-denominated debt, they‘re not even the biggest [1][2]. And fiscal spending can create new money without debt. Debt is the monetary channel’s mechanism.
[1] https://www.statista.com/statistics/274636/combined-sum-of-a...
[2] https://en.m.wikipedia.org/wiki/National_debt_of_the_United_...