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"What is the answer? […]
The cancellation and writing off of existing debt burdens for poor countries (I don’t like the word debt ‘forgiveness’ as there is nothing to forgive)."

by Michael Roberts: https://thenextrecession.wordpress.com/2025/06/30/sustainable-development-and-unsustainable-debt/

#debt #healthcare #health #children #investment #USAid #bonds #liquidity #liquidities #securities #borrowing #debt #deficit #money #currency #MMT #policy #economy #credit #economics #obligations #macroEconomics #rents #funding #politics #neoliberalism

Nobody ever reimburses national debt. Sovereign states restructure it.

#bonds #liquidity #liquidities #securities #borrowing #debt #deficit #money #Treasury #PublicTreasury #currency #MMT #policy #economy #credit #economics #obligations #titles #slogan #macroEconomics #rents #funding #politics

Is borrowing a burden on future generations?
No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will be asked to repay.

“Paying off the debt” is just the sovereign swapping Treasury securities (savings) for cash. No burden is passed on to persons.

#debt #Treasury #slogan #deficit #money #liquidity #liquidities #currency #MMT #transactions #economy #credit #economics #administration #government #sovereignty