Author Topic: Economics Culture  (Read 2420 times)

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Offline ?Impact

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Re: Economics Culture
« Reply #90 on: March 09, 2020, 01:06:06 pm »
I'm not saying we should never borrow money, I'm saying we shouldn't do it with the intention of never paying it back. Which is what we are doing
now and what this debt to GDP con is all about.

The target of slowly reducing the debt:GDP ratio is not a con, it is responsible fiscal policy. The con is selling off revenue producing assets at firesale prices to produce a fake surplus.