2 ms·

> reasonable people do not spend beyond what they have and if they do they do it in reasonable ways That’s true, but debt held by a country isn’t really the sa

• germandiago 3y ago
  Not in the sense that the debt can be pushed further for something an individual could not do for a more long-term return. But at the end, you have to measure gow much you are risking. I would say it is the same, just the scale is different and allows states push for policies probably not at the reach of normal people. But even those should be managed with care, because what someone should be looking for long-term is sustainable services. Meaning that debt cannot be infinite. At the time your creditors do not believe you... you have a problem. Just look at Argentina in the last 20 or 30 years for an example. What is particularly evil is the fact that people who take our money have basically no responsibility on the results and can take it from us through laws but they benefit from those in other ways.