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Joined 2 years ago
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Cake day: June 7th, 2023

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  • According to the US Government Accountability Office, “the federal government borrows money straight from the public. The government issues securities like bills, notes, and bonds through the U.S. Treasury… Individual and institutional investors can back the government by investing in these types of securities and many choose to do so.”

    USD is backed by your faith in the US government to exist and not prints giant amounts of money. Taxes are another way of raising money, it helps to stave off inflation rising since the gov considers it better to have small amounts of inflation then deflation.