Does the Union pay for the Civil War?
The correct answer is printed and borrowed money.
Is printing money the same as borrowing money?
Yes – Simply put, money printing is called “debt monetization” and leads to annoying inflation. It's no go, remember that the whole generation was burned, as it quickly devalues the currency and makes it much harder to borrow in the future.
The amount borrowed or invested is called capital. When you first take out a loan, the principal is the same as the amount you originally borrowed. When you repay this debt, the principal becomes the outstanding balance of the loan, excluding interest and accrued fees.
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