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Governments have to take on debt for there to be a net money supply. There's no two ways about it. The right wing certainly wouldn't want all their savings to d
by hgomersall 3y ago
Governments have to take on debt for there to be a net money supply. There's no two ways about it. The right wing certainly wouldn't want all their savings to disappear to pay off the "national debt".
Moreover, government spending pays for itself - from each transaction a proportion comes back in tax. It can be considered as a geometric series that tends to zero.