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This common belief is nonsense
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This common belief is nonsense
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Steve Keen considers the following as important:
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| This common belief is nonsense |
Except the huge amount of debt the government has put itself into. That's what the future generations will be forced to pay off, what we are paying off right now with constantly increasing taxes and inflation.
And who is the owner of that debt?
Government debt is our wealth. Interest on government debt is always paid by the government not by Future generations.
@Kyron How does the government get the money to pay the debt?
@Anton Andersson lmao keystrokes! Everytime the government spends it's spending new currency into existence.
The problem is wasteful spending and under table deals for politicians. They'll spend the future's dollar to make a penny today.
I am burdened by past spending. Prices are out if cintrol. The Future economy will by trashed.
At the rate the world is going on now you don't have to worry about any future Generations we'll be lucky if we get through this one
It's wasteful spending that costs future generations…
No way. That’s crazy thinking. I think it’s better to waste billions to make sure idiot politicians get re-elected