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When you keep borrowing from the future (which our economies have been doing since Bretton Woods, pretty much), you eventually have to pay off the debt. You ca
by madaxe 13y ago
When you keep borrowing from the future (which our economies have been doing since Bretton Woods, pretty much), you eventually have to pay off the debt.
You can't keep pushing it back and back.
No economist or politician seems to understand this basic tenet. Or they do, but they don't care, as the ones paying off the debt are the disenfranchised underclasses, and the political classes profit from the debt, as they own it.