Debt is not inherently a bad thing, especially not when talking about national economies (as opposed to personal finances).
Healthy countries issue bonds to have liquidity. Liquidity is extremely important, because budgets are usually set annually and an annual budget cannot anticipate all costs or discretionary spending. The bonds are extremely safe forms of debt.
>>53563689 and what do you want me to explain? how money circulation works? dude you are literally asking impossible, I doubt the most experienced economist would be able to describe it fully. so what can I say about it?
tl;dr I dont like to talk shit about stuff I did not master.
>>53557363 With the amount of rich people and corporations that literally don't know what to do with their money and go even as far as PAYING countries to accept their money a country would have to be fucking retarded to not be in debt.
Of course the correct course of action would be to tax those people and corporations so they don't have to suffer from such overabundance of money, but that's not very popular. After all those people and corporations feel like they might actually need those money, or the indirect influence, or illusion thereof, being owed to gives them.
1) you're country might be able to lend money at better rates than you're borrowing. That doesn't happen often though, at least not where countries are involved. 2) country is not a single entity. You have the general government which itself is broke up into multiple entities, with probably most important distinction is between central bank and treasury, which are traditionally separated in developed economies so that treasury is not tempted to finance its deficit with printing more money. Then you have private corporations which handle their own affairs independently of government and can end up lending to or investing in an agent that will in turn end up funding their government. 3) as far as liquidity is concerned you don't want to sit on piles of cash because cash doesn't make you more money. This gets a bit subverted lately as corporations seem unable to find investments they would be willing to risk and keep the cash instead, but generally the idea is (or used to be) to give money you are not using right now to someone who will pay you for them. This is also how financial market is supposed to bring about efficient allocation of resources: it compels agents with abundant resources to contribute these resources to agents with a business plan and shortage of resources. That's how it's supposed to work of course, that some of the business plans are literally glorified gambling or outright fraud is another issue.
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