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What incentive is driving this trend is democracies? In UK, America, Japan, pretty much every other western/European democracy the government debt is ever growi
by jeofken 6y ago
What incentive is driving this trend is democracies? In UK, America, Japan, pretty much every other western/European democracy the government debt is ever growing and money printing is only growing and growing.
- freeone3000 6y agoIncreased spending with no matching increase in taxes.
- lordnacho 6y ago> What incentive is driving this trend is democracies? I guess you're getting at election politics? Spend money that's borrowed so you don't need to increase taxes, point at all the good things you've done. Some people think this is kicking the can down the road, but again, if the bomb doesn't explode in my hands it's fine.
- rsynnott 6y agoThis is incorrect. The EU as a whole shows sovereign debt to GDP falling fairly smoothly since 2014 (though it will rise this year). The UK and Japan have had static or slightly falling debt since around then too (though the UK's will _skyrocket_ over the next couple of years). The US is rising a little. Given the market for sovereign debt right now, there's no strong incentive to pay it off aggressively as long as it's not rising too sharply.