- #36
Grands
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I hope this is not a joke.PeroK said:Rather that than an economist writing a book about neurology.
I hope this is not a joke.PeroK said:Rather that than an economist writing a book about neurology.
I'm not an economist and don't have a good recommendation for a starting book. Hopefully others here will.Grands said:Suggest me some title then.
russ_watters said:Over the long term, almost everyone ends up with more money.
I agree. I read The Economist regularly.StoneTemplePython said:I think I've said it before to OP, maybe not:
start reading The Economist on a weekly basis. If he reads the "Business" section and especially the "Finance and Economics" section he will gradually pickup an awful lot. They even pioneered light-hearted but smart things like "The Big-Mac Index" to look at relative currency costs. It's not as dry or as technical as a textbook, though will walk-through textbook concepts. There are some other pretty good sections too.
I heard about it and I heard what it is.StoneTemplePython said:The Big-Mac Index"
Grands said:So how is possible that every nation have a public debt and no nation have a public credit?
Thanks for your answers.Vanadium 50 said:It's not. It's also a very ill-posed question - it asks us to explain why something is true, when it is not.
If you mean "any debt at all", pretty much all organizations have some debt. If you order something on a Tuesday and pay the invoice on Friday, that's debt. But if that's what you mean, pretty much all organizations also have some credit. If you pay for something on Tuesday and they don't ship it to Friday, you have a credit. So the premise of your question is untrue.
If you mean "net debt", it's also untrue. Denmark, Germany, Japan. All have a net credit. So again the premise of your question is untrue.
BWV said:Japan has the largest debt level (relative to its GDP)
My question was about what people that study finance is doing, which service they provide for people.Vanadium 50 said:But that debt is largely held domestically. Which exposes yet a third way of looking at Grands' ill-posed question: "why do governments borrow from their citizens instead of lend to them?" The answer is that while they do both to some degree, they're really not banks.
Grands said:Thanks for your answers.
So basically the public debt is just something that State try to pay everyday and can't pay the entirely sum in one day?
Ok, and who give the money to the countries ?BWV said:States generally never pay off their debt, they keep rolling it over and rely on a combination of economic growth and inflation to reduce its value relative to the economy.
Yes and savers are common people?BWV said:States borrow issuing bonds which are purchased by savers
So basically the State create the money and they it have problem with taking it back?BWV said:Yes, or one from another country
Yes, I read about this, and about the fact that gold and silver became banknotes little by little, thanks to the bank, but is not clear how the State decide how much money to put into circulation, if was the banks that had the money in the past.BWV said:No, just think of that as two separate issues. Back when money was gold and silver, uncreated by the state, states still borrowed and went into debt.
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