2 ms·

For me it is not really that. The logic that starts from the small applies to the big. In other shapes and with different scale limitations, but at the end if y

For me it is not really that. The logic that starts from the small applies to the big. In other shapes and with different scale limitations, but at the end if you spend more than what you have increasingly accumulating debt things get bad. It can take 5 or 50 years. At that time services stop working. I also refuse the idea that everyone can permanently get more than what they produce. If you give someone some push it should be for them to be able to become autonomous, not for living from other people permanently.

moomin 3y ago
It’s not a matter of scale, it’s a matter of lifetime. You can’t roll over a loan indefinitely because you will at some point die and lenders will factor that in to their calculations. But even in the small, plenty of people take out mortgages and spend WAY more than they were earning and do very well out of it. The breaking point is if you expand your debt repayments beyond your ability to service them. And, because growing economies and inflation are both real things, an ever growing debt is not only possible but desirable. As long as you can invest in things that grow the economy like libraries and benefits for those in need, you’ll be fine. Btw, read a UBI study sometime. You’ll find the actual research into just plain giving people’s money does not match the naive econ101 theory.