RS
Leftover
- Joined
- Oct 30, 2004
- Messages
- 36,946
There are fundamentally other ways to "balance" an economy that doesn't require cuts or austerity measures. The current talking point is wealth taxes, but also land value taxes and transaction taxes are options too.
Also the idea of balancing an economy like you would your own personal finances needs to die anyway. Countries can borrow with terms of up to a century. That is a very different game from a 5 year loan or even a 35 year mortgage, and talking about it in the same terms is so disingenuous
Borrow to invest, yes absolutely, especially when rates have been so low (not sure how much longer they will be) but to just spend, not sure how that works.

). The pendulum can so easily swing back. I would really try not to catastrophise - it’s not good for mental health if nothing else.
