3 ms·
>Simply passing bills to spend money that we don’t have may get things done, but our children have to pay for it eventually. I always see this argument, but ne
by minikites 5y ago
>Simply passing bills to spend money that we don’t have may get things done, but our children have to pay for it eventually.
I always see this argument, but never a deeper reason why. As far as I know, the projections for every developed economy looks like this, is every country going to go bankrupt eventually? If the economy is growing, we can in fact print money with little to no consequence of inflation. The US can "borrow" money incredibly cheaply. Government spending stimulates the economy, we can spend and do much more than we currently are, if we merely choose to build instead of destroy.
- sk2020 5y agoWhy not round everyone’s bank account up to the nearest $1,000,000,000,000,000? Wouldn’t such unprecedented “stimulus” create unprecedented growth and end poverty forever? Would our newfound quadrillions end scarcity of resources? If not, why not?
- minikites 5y agoHow does this nonsensical example refute or even address my argument?