Question: List three ways in which individual debt differs from government debt. Government debt can be inflated away; people can't. The government lives forever; people don't.

List three ways in which individual debt differs from government debt.

  • Government debt can be inflated away; people can't.
  • The government lives forever; people don't.
  • Government owes much of its debt to itself, which is debt owed to its own citizens.
  • Governments can't go bankrupt; people can.
  • The government can print money to pay its debt; people can't.

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