Well, Walter, you are entitled to your opinion. I do not know if your country is a socialist country, but if it is you and the rest of Europe and the United States will soon find out that you cannot keep spending ahead of your ability to pay, meaning that there will come a day of reckoning. And, I reckon that neither of our governments can pay their debts at some point. At least with a drunken sailor, he stops spending when he runs out of money.

In your own family finances, can you spend what you do not have? If you cannot, neither can a government. The government is allowed to spend what it doesn't have, only because it goes into debt and borrows the money to stay afloat. At some point, the debt, which usually gets bigger has to be paid. Of course, you could do what was done in the 1970's here, inflate the money and pay off the debt with devalued dollars.

>"A government which spends what it hasn't got to spend will cause hyper-inflation to come upon its people in due time."

>That is demostrable false. About all governments spend more than they have got. Als long as its under control and de GDP rises % with the debt, there is no hyper inflation involved.