bonds represent debt obligations – and therefore are a form of borrowing. If a government or company issues a bond, the money they receive in return is a loan, and must be repaid over time
Frederick Soddy Money Quote saying in 1926 that there has been pressure on capital toward lending because of low costs and ongoing income from interest
Thomas A. Edison Money Quotation saying government created debt instruments are the same whether that debt is for lenders and investors or for the public sector
