Re:A Man Who’s Spending $1B to Own Every Pop Song
by sigstoat on Saturday January 11, 2020 @10:27PM
(#22024265)
> instead of just adding to the interest bill on the national debt.
the billionaires are lowering the interest bill as they compete to purchase treasuries. (the money is borrowed from whoever will accept the lowest interest for it. see https://www.treasurydirect.gov/instit/auctfund/work/work.htm under "Bidding".)
the billionaires are lowering the interest bill as they compete to purchase treasuries. (the money is borrowed from whoever will accept the lowest interest for it. see https://www.treasurydirect.gov/instit/auctfund/work/work.htm under "Bidding".)