I’ve read this 4 times now hoping I was just missing something, but nope… it’s just entirely incomprehensible.
What the fuck?
I’ve read this 4 times now hoping I was just missing something, but nope… it’s just entirely incomprehensible.
What the fuck?
Teşekkürler!
I hope where you are now is more stable.
My girlfriend and her sister are also in the brain drain. Definitely a sad state of affairs, so many of her friends and friends family’s have been either political prisoners, or had ongoing court cases, etc.
I’ve been trying to learn Turkish so we can move her family over here too and I can actually chat with them, but I fear they’ll need to work on their English so they can get around.
I was just in Göcek and Ankara and I had some wildly interesting interactions with locals when they asked me how I liked Turkey.
“I like it, very beautiful country, lovely people, great food.”
“So you’d move here?”
“Uh… perhaps not”
“So you don’t like Turkey”
👀
lol
The monetary supply thing in particular is why using bitcoin or any other externally managed currency as a national currency is typically regarded as a bad idea.
And also the above statements get much more complex when dealing with multiple currencies like with Russia where despite it issuing the ruble, it can default on USD debt because the ruble/USD exchange rate is such shit.
Monetary policy is very interesting.
That’s not really what “national debt” refers to… national debt is literal borrowing: “hey who wants to buy some bonds from my national government so we can invest in our economy?” Someone buys those bonds with the expectation of getting the invested amount + interest back.
What you’re talking about is most closely represented by “reparations” which is money owed by an aggressor to a victim state, and is only enforceable really by a stronger third party or by the aggressor losing the war.
As to why cities don’t take on debt the same way: they do take on millions of dollars of debt for infrastructure, but usually they’re loans from the federal government as opposed to bonds. The difference between city debt and national government debt is the national government controls its own monetary supply, meaning is defacto cannot default on its bonds. Cities can default on their loans, but typically the lender is the higher level government anyways so the repercussions tend to be political only. That’s why worrying about “the national debt clock” is typically not meaningful, but your city borrowing 300 million for a new highway definitely is.
I do the same thing, and I’ve noticed my modem has been absolutely bricked probably 3-4 times this month. I wonder if this is why.