are we still in the “the state should just go further into debt to pay for infrastructure” or already in the “fuck, that was a big mistake, what do we do with all that debt now?” stage? i can’t tell anymore.
The government “debt” is not a problem whatsoever. It cannot be a problem. The so called debt is simply the difference between the amount of money created and the amount taxed. If there was no “debt” there couldn’t be any saving in an economy. If the government wanted to, it could simply “print” the money to pay off all its debt tomorrow. It souldn’t necessarily be a smart thing to do, but there wouldn’t be any financial constraints stopping them from doing it.
are we still in the “the state should just go further into debt to pay for infrastructure” or already in the “fuck, that was a big mistake, what do we do with all that debt now?” stage? i can’t tell anymore.
Riddle me this: where does money come from?
“money” comes from the people’s belief that it has value.
The government “debt” is not a problem whatsoever. It cannot be a problem. The so called debt is simply the difference between the amount of money created and the amount taxed. If there was no “debt” there couldn’t be any saving in an economy. If the government wanted to, it could simply “print” the money to pay off all its debt tomorrow. It souldn’t necessarily be a smart thing to do, but there wouldn’t be any financial constraints stopping them from doing it.
Why not both?