Quote:
Originally Posted by pylon
Since the entire freakin world then is in debt to itself, why can't the world just agree to forgive the debt to everyone and start from zero again with a more realistic and sustainable tax model to avoid the same thing. I don't get economics.
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Ever heard of Tbills or Canada Savings Bonds (hmmm actually the CSB's might not be the true insturment Canada uses, but same principle)? You're lending money to your country when you buy them.
http://en.wikipedia.org/wiki/United_...asury_security