It’s not real currency, it’s a token.
I can’t use it to pay my taxes to the US federal government and it must be traded in for actual currency to do so.
Just like a token at an arcade.
They are also vehicles of wild speculation… And unlike stocks (where I gain partial ownership of a company) and bonds (where I gain a claim on their monetary inflows and primacy if the venture crumbles), crypto gives me… What exactly?
I don’t get to be an owner or a creditor. I become… Holder of a mining incentive?
I’m sorry it’s not what a lot of people seem to think it is.
Except a nation with no debt and a negative trade balance has negative wealth.
The government debt is the private sector surplus when there a negative trade balance.
The government is literally the source of money. Every dollar created is part of that “debt”.
Every dollar is an IOU issued by the federal government that it will be accepted to relieve tax obligations.
" Zero national debt " means zero dollars left in circulation after taxation.