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The interest still needs to be paid. That requires revenue growth, taxes, or printing money. Taxes and printing money makes everyone poorer - the IOUs of yester
by aibot923 2y ago
The interest still needs to be paid. That requires revenue growth, taxes, or printing money. Taxes and printing money makes everyone poorer - the IOUs of yesterday coming due. Japan has had many challenges over the past few decades.
- amrocha 2y agoMoney creation is necessary in a healthy economy. It makes all of us richer when the government spends money on infrastructure.
- tartuffe78 2y agoWe're not spending money on infrastructure, we're spending it on entitlements.