These principles are still true in countries that don’t control their currency. In fact being bankrupt is one of the most guaranteed ways of losing power. The i

These principles are still true in countries that don’t control their currency. In fact being bankrupt is one of the most guaranteed ways of losing power. The issue is, any politician who says they’re going to spend less and tax more will lose to the guy who says not to worry about it. That’s why every government loves increasing the national debt.