Author Topic: Economics Culture  (Read 9677 times)

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Offline wilber

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Re: Economics Culture
« Reply #90 on: March 09, 2020, 01:14:34 pm »
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.

Who is talking about selling off assets? It's funny you bring that up because when people talk about net debt to GDP, that is exactly what they are talking about, debt after government sells off all its assets.

Again, you are depending on infinite growth in order to support infinite borrowing. Do you think infinite growth is a reasonable expectation on a planet where it is uncertain the present economy is sustainable in the long term, let alone infinite growth?
"Never trust a man without a single redeeming vice" WSC