Abuirfhan on Nostr: Private debt is limited by assets and future income. Government debt is limited only ...
Private debt is limited by assets and future income.
Government debt is limited only by the willingness of a central bank to print.
In a fiat system, the borrower with the least discipline has access to unlimited credit.
That's why public debt grows faster than the money supply itself.
Published at
2026-06-03 14:13:55 UTCEvent JSON
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"content": "Private debt is limited by assets and future income.\n\nGovernment debt is limited only by the willingness of a central bank to print.\n\nIn a fiat system, the borrower with the least discipline has access to unlimited credit.\n\nThat's why public debt grows faster than the money supply itself.",
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