Countries Don't Go Broke. Governments Do. \ stacker news ~econ

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By Ryan McMaken

It is not countries, but governments, which overborrow and go broke. The debtor is the government. The government is quite distinct from the country.

I actually worry about whe ln the US finally hits that debt cycle in full.

It'll be a wild ride, but lot's of people have survived catastrophic monetary events.

It will be temporary pain for hopefully long term prosperity. Luckily, we should be insulated from some of that pain.

Don't advertise you have bitcoin, in such an event.

I have no bitcoin. I'm just LARP-ing. Darth will attest to that if need be.

Now you have at least 21 sats.

Nice try

Liar! I zapped you just so I can be positive I get sats when I wrench attack you.

Just some make believe cowboy credits over hear.

State is government Country is the land Nation is a group of people