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A comment on US public debt projected to reach 181% of economic activity in 30 years. Parent comment
Like, imagine you made up "hacker dollars", which you can make more of whenever you want. They're sticky notes with a number written on them.
Then you lent "hacker dollars" to yourself, at a 4% interest. So lender you creates new "hacker dollars" to pay the borrower you interest.
If you wanted, you could just say that you forgive the loan you made to yourself, and pay the "hacker dollars" directly.
If anything, it seems like a complex accounting system more than anything related to credit card debt or mortgages.
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Like, imagine you made up "hacker dollars", which you can make more of whenever you want. They're sticky notes with a number written on them.
Then you lent "hacker dollars" to yourself, at a 4% interest. So lender you creates new "hacker dollars" to pay the borrower you interest.
If you wanted, you could just say that you forgive the loan you made to yourself, and pay the "hacker dollars" directly.
If anything, it seems like a complex accounting system more than anything related to credit card debt or mortgages.