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It’s not malevolence though. It’s incentives. Therefore Hanlon’s Razor does not apply. The debt has to get paid somehow in order for the government to meet its
by CTDOCodebases 3y ago
It’s not malevolence though. It’s incentives. Therefore Hanlon’s Razor does not apply.
The debt has to get paid somehow in order for the government to meet its ongoing financial obligations.
- juve1996 3y agoIs Australia currently not meeting their debts or at risk in the short term future of not?
- CTDOCodebases 3y agoYou haven’t defined short term but I will say no. When I say ongoing obligations I am referring to welfare and Medicare. EDIT: Australian debt to GDP: https://tradingeconomics.com/australia/government-debt-to-gdp#:~:text=Government%20Debt%20to%20GDP%20in,percent%20of%20GDP%20in%202008 https://tradingeconomics.com/australia/government-debt-to-gd.... For a US perspective see below: https://uscmarshallweb.s3-us-west-2.amazonaws.com/assets/uploads/s1/files/keynote_speech_of_stan_druckenmiller_at_the_37th_usc_marshall_center_for_investment_studies_annual_meeting_may_1_2023_hdmqn6eb4m.pdf https://uscmarshallweb.s3-us-west-2.amazonaws.com/assets/upl...