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A comment on European Citizen's Initiative for Unconditional Basic Income. Parent comment

Re:European Citizen's Initiative for Unconditional Basic Income by username90 on Wednesday December 30, 2020 @10:15AM (#25582325)
> Bonds have an interest rate on them

Exactly, and bonds are included in government debt. Hence this statement is wrong:

> Government debt have no interest

Also this statement is also wrong, since government bonds aren't money in circulation:

> National debt is simply the amount of the national currency in circulation.

Another proof about this statement being wrong: Sweden has currency worth just 1.26% of GDP in circulation, but about 35% of GDP in debt. If what you said was true that would be an impossibility. You are trying to spread falsehoods and even contradict yourself, that is a fact.

Source: https://en.wikipedia.org/wiki/Swedish_krona

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Re:European Citizen's Initiative for Unconditional Basic Income by Scandiravian on Wednesday December 30, 2020 @11:11AM (#25582862)
The 1.26% are physical coins and banknotes. As I've stated before, the vast majority of currency is digital
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