this post was submitted on 13 Jul 2025
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Memes

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Memes! A way of describing cultural information being shared. An element of a culture or system of behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation.

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[–] [email protected] 13 points 4 days ago

Well put. This is also why they can't just cancel one debt against another in a lot of cases. If country A has sold $1t of bonds to institutions in country B, and country B has sold $1t of bonds to institutions in country A, both countries are in debt to the other for $1t, and it would be in the benefit of both countries to cancel those out so they can stop paying the coupon on them, but they can't because different parties have issued the debt and own th£ other countries debt.