April 10, 2020
Just because debt is a problem for a household doesn’t mean it is also a problem for the Federal Government. Consider a couple of differences:
1.) You can’t print money. The government can.
2.) You don’t have millions of armed men and women to prevent anyone from collecting from you. The government does.
Debt is the investment product the government sells. We and all the Nations of the World buy it by the truck load and there’s nothing wrong with that. All that is necessary for this to continue to be a good model for a civilization is peace and prosperity, honest accounting, confidence in the future, and everybody getting up in the morning, knowing where to go, what’s expected of them, and being fairly compensated for it.
MOE
M.I.C.H. – Modernity, Intelligence, Complexity, Humanity