Comment on Governments are like parents who say, "Do as I say, not as I do"

henfredemars@lemdro.id ⁨3⁩ ⁨weeks⁩ ago

• grue@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  That’s because macroeconomics actually do work differently than microeconomics. The idea that a country should be run like a household is fallacy.

  source

  • henfredemars@lemdro.id ⁨2⁩ ⁨weeks⁩ ago

    Maybe, in a perverse way, they aren’t all that different in the extreme. If I were a billionaire, I can take loans out against my securities basically forever. Governments can sustain a growing debt load forever if it grows more slowly than GDP.

    Alas, I am not a billionaire.

    source
• AreaKode@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  A responsible company would have a 6 month emergency fund… Failure to plan ahead should not be my emergency

  source

  • Prove_your_argument@piefed.social ⁨3⁩ ⁨weeks⁩ ago

    I’d argue that a responsible country should have something like a 10 year emergency fund. You never know when some natural disaster might come along and cripple a critical segment of your country’s production.

    Instead they’ll just print more money and rob the poor and middle class through inflation… which drives stock prices up keeping the wealth of the wealthy fairly protected while the poors stay at the same level of income and have less proportional assets.

    source

    • jaycifer@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      What’s the difference between $10 billion in printed money sitting in the federal reserve for such a fund and printing $10 billion dollars on the spot? Neither is affecting the economy until it leaves the federal reserve.

      source
    • AngryCommieKender@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      You clearly don’t know what taxes are for.

      source

      • Prove_your_argument@piefed.social ⁨2⁩ ⁨weeks⁩ ago

        That’s to keep money flowing to the people sponsoring the politicans to keep them in power. It’s one big circlejerk.

        Why do you think we have all these private prisons in the south? It isn’t helping crime rates… it’s getting the owners paid… and since they’re mostly black and brown people the locals LOVE it. Tough on crime… so long as it’s not wealthy people crime.

        source

        • -> View More Comments
• AngryCommieKender@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Tell me you don’t know anything about economics without telling me you know nothing about economics.

  source

  • henfredemars@lemdro.id ⁨2⁩ ⁨weeks⁩ ago

    Tbf, this post is a shower thought comparing governments to parents. Governments aren’t individuals.

    source

    • AngryCommieKender@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Admittedly you have a point since parents are individuals in most of the US where I am from. That hasn’t been true historically, nor does it need to continue just because we have done it that way for a few generations. Historically parents are an entire community of adults raising the children as a group, which does map onto what a government is supposed to be fairly accurately.

      source