5 ms·
Cash spent on housing, universities etc doesn’t “sink into a hole and disappear”. Someone else on the other side of the transaction got it and can spend it. On
by jonkho 5y ago
Cash spent on housing, universities etc doesn’t “sink into a hole and disappear”. Someone else on the other side of the transaction got it and can spend it. On the other hand, raising taxes to collect said cash to neutralize the debt would be a “sink”.
- missedthecue 5y agoIts silly how many otherwise smart people forget that income = expenditure. Whatever you spend is someone elses income. That money doesn't get incinerated.