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it's my understanding that a long time ago, countries simply printed their own currency, or 'issued' it, not creating debt per se but devaluing their currency by the percentage that they print that year.
why it must be 'borrowed' off someone else, seems to be linked to that 1913 federal reserve act.
this is all of course in relation to the US.
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Currency is by its very nature a debt to a nation. The mechanics don't matter all that much.