this is probably trivial economics but it always eluded me:
when the govt is giving out amount X money, and wants amount X + INTERESTX back. how can that work? where should INTERESTX come from when they only gave us X?
when the govt is giving out amount X money, and wants amount X + INTERESTX back. how can that work? where should INTERESTX come from when they only gave us X?
This ensures, that there is always debt. Money has value only if there is debt and you must use some to get out of it. Why would you need it otherwise?