>No, I do not think the economy is going to collapse.
>
>You don't think that 20 trillion in debt will cause the economy to collapse? Why not?
No, I do not. It sounds weird but mainstream economists have agreed for a long time that debt is not axiomatically bad. It is not the same thing as household debt, which is bad but an entirely different thing. We don't have the power to print money, for starters.
Let's give the second term a fair chance before crucifying it.
Previous
Next
Reply
View the map of this thread
View the map of this thread starting from this message only
View all messages of this thread
View all messages of this thread starting from this message only