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Yeah that's what leads to situations like the Greek debt crisis [1]. You can't just rack up debt forever, and just assume that we'll pay it back later WITH INT
by s3r3nity 3y ago
Yeah that's what leads to situations like the Greek debt crisis [1].
You can't just rack up debt forever, and just assume that we'll pay it back later WITH INTEREST. You also can't just "cancel" debt; the bill eventually comes due.
[1] https://en.wikipedia.org/wiki/Greek_government-debt_crisis https://en.wikipedia.org/wiki/Greek_government-debt_crisis
- disgruntledphd2 3y agoThe Greeks didn't have their own money printer though, which makes this situation quite different.