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Cake day: November 14th, 2023

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  • Except a nation with no debt and a negative trade balance has negative wealth.

    You can’t sneak negative trade balance into an argument about public debt.

    A nation with no debt has the ability to take on more debt than if it already has debt.

    " Zero national debt " means zero dollars left in circulation after taxation.

    You can have debt for circulation while maintaining a net surplus in all accounts. For example Norway has a per capita debt of $42k USD while maintaining a surplus of $295k USD per capita.

    It’s similar to how a company like Apple holds debt of $108 B USD while maintaining a $162 B USD surplus.








  • Blue_Morpho@lemmy.worldtoScience Memes@mander.xyzdouble slit
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    6 months ago

    Not just sentient, but intelligent thought. I proved it in university. When I setup the lab, I got no interference pattern. When my more intelligent labmate did the setup there were fringes.

    Wait! That means I was the sentient one! I was cheated! (Or maybe I just sucked at lab.)