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Spending on credit that you never pay is different. With a smart contract a government would have to release it's collateral. Now they can just keep the inflati
by HeadsUpHigh 6y ago
Spending on credit that you never pay is different. With a smart contract a government would have to release it's collateral. Now they can just keep the inflation up.
- w0de0 6y agoAh, sure, the next generation pays, even as they generate even more debt themselves. I acknowledge it's a Ponzi scheme. But well managed, and expecting consistent growth in the productivity of our society over generations, the Ponzi scheme won't collapse.