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> First, societies don't just run out of money. Social programs do. Price goes up due to natural reasons, budget goes down due to natural reasons, your governm
by ernst_klim 7y ago
> First, societies don't just run out of money.
Social programs do. Price goes up due to natural reasons, budget goes down due to natural reasons, your government can't provide a service anymore.
The most common example is social security, the pension system. Demography changed, age of retirement goes up, payments go down, and you can't do anything about it.
Sure, the governments try to deflate the price, but there are no miracles, and artificial price deflation causes deficit, for example a deficit of medical personnel or scarcity of a service.