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> A lot of people like to identify with achievements that they played no role in. They arguably footed the bill.
by naasking 1y ago
> A lot of people like to identify with achievements that they played no role in.
They arguably footed the bill.
- eru 1y agoAre you suggesting people eg born after 1980 footed the bill for the Apollo programme?
- zdragnar 1y agoTo the extent that the government runs on debt, that's something of a given.
- eru 1y agoDebt just shifts resources around in the present, but can't magic new resources into existence. (Unless you borrow from foreigners, which taps resources from outside the country that later have to be paid back. But I'm not sure the Apollo programme was financed with foreign loans?)
- zdragnar 1y agoInterest and repayment of the debt happens in the future. Though the government does sell bonds to individuals and organizations, much of the financing comes from the federal reserve.
- eru 1y agoThe federal reserve only 'prints money'. It doesn't create any real resources. If one part of society sells bonds to another part of society, no real resources from the future have traveled back in time.