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> People keep talking about how large debt will “ruin” the US but it hasn’t had any effect on the US and other countries. Yet. This argument can be viewed like
by maerF0x0 6y ago
> People keep talking about how large debt will “ruin” the US but it hasn’t had any effect on the US and other countries.
Yet. This argument can be viewed like smoking.
I think the real question becomes what happens when the lender decides not to lend more because they realize they're never getting paid, or the call the loans and now they want what? Our businesses, our land, our children, our sovereignty?
Also as money saturates a system, it gets used on less and less productive things. We'll see the results of spending a dollar (long run) to get a nickel (today).