Author Topic: Economics Culture  (Read 2420 times)

0 Members and 0 Guests are viewing this topic.

Offline wilber

  • Full Member
  • ***
  • Posts: 7476
Re: Economics Culture
« Reply #90 on: March 09, 2020, 10:21:49 am »
Your $2 trillion estimate also relies on the exact same inflation driven growth.

I agree that services should never be financed, at least not for longer than say 12 months. Yes, infrastructure ages. That does not mean that they are still paying for that specific infrastructure. Am I still paying for WWII?

My two trillion is based on the annual interest we pay today times 80 years. 26 X 80 = 2080. Inflation has nothing to do with it.

Of course you are, if you never pay off the principal, you pay interest on it forever and so are your descendants long after it an you are gone.
"Never trust a man without a single redeeming vice" WSC