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I actually agree. The problem is that it feels to me that governments use debt incorrectly far more often than companies. I believe that it is because the curre
by Scea91 9y ago
I actually agree. The problem is that it feels to me that governments use debt incorrectly far more often than companies. I believe that it is because the current political systems reward short-sighted populistic debt more than long term investments which are often unpopular.
As a consequence, austerity is often the only option for countries that obtained lots of debt irresponsibly.