Comment on Governments are like parents who say, "Do as I say, not as I do"
grue@lemmy.world 6 days agoThat’s because macroeconomics actually do work differently than microeconomics. The idea that a country should be run like a household is fallacy.
henfredemars@lemdro.id 6 days 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.