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There's no natural law saying that budgets have to be balanced. Most countries run constant deficits.
by mono442 2mo ago
There's no natural law saying that budgets have to be balanced. Most countries run constant deficits.
- SubmarineClub 2mo agoGovernments being able to borrow money (to run that deficit) relies on people believing that they will be paid back. The more the debt grows, the less likely people are to believe they’ll get paid back. The other option is endlessly printing money, which causes hyperinflation and you get an Argentina/Turkey/Weimar Republic situation.
- rayiner 2mo agoAre you serious about this?