If every country spends 300 billion - 1000 billion to see us through this, and will need to borrow to pay for this who is lending the money?
As money is a construct are there really any limits?
Playing with money like this exposes this construct for what it is, (שום דבר- nothing), means Capitalism is dead
Today they guaranteed £330b, not spent it. i.e. the banks will lend it out and government will cover defaults.
For a fiat currency, no. M1 money supply is wholly at the discretion of the nation state/central bank.
@skydancer started
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If every country spends 300 billion - 1000 billion to see us through this, and will need to borrow to pay for this who is lending the money?
As money is a construct are there really any limits?
Playing with money like this exposes this construct for what it is, (שום דבר- nothing), means Capitalism is dead