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A comment on China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”. Parent comment

Re:China Bans Bitcoin Executives from Leaving Country, Miner... by Sargos on Wednesday September 20, 2017 @10:26AM (#15294056)
That's not how government debt works. There is no ceiling on the amount of debt you can have except in extreme cases like 2-3x debt to GDP ratio which China is nowhere near. Government debt is really just a record keeping system for funding and not really debt like you and me have. Look up US debt and how it works to fund the economy.
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Re:China Bans Bitcoin Executives from Leaving Country, Miner... by seanmcdirmid on Wednesday September 20, 2017 @12:54PM (#15295895)
Velocity is important. China went from no debt to 2X in less than a decade. If they are 3X a few years from now, how will that work. They have to deleverage somehow, or at least stop the growth.
[ Parent | on HN ]