3 ms·
Assuming this means "arrive at the point where there is no national debt" ignoring means, feasibility, time before transitioning back to debt again, etc... Poi
by uticus 3y ago
Assuming this means "arrive at the point where there is no national debt" ignoring means, feasibility, time before transitioning back to debt again, etc...
Point #1, we're in a global economy, where USD is the de facto currency worldwide. Meaning, there are feedback loops aplenty. It's impossible to reason about in a linear fashion.
Point #2, the effects of the debt are not isolated from the reasons why the debt is pursued (and maintained, and grown) to begin with. Meaning, I would recommend reading history and reading liberally ("widely") to seriously pursue this question.
Point #3, because this is economics (okay, macroeconomics), it is actually a philosophical question. Meaning, be prepared for thinking in the context of a certain worldview or outlook. There is little room (from my worldview, actually no room) for a perfect + neutral + outside + judgemental stance.