IOW, there is a group of people who declare themselves to be thinkers that cannot see that it is self-evident that destroying the meaning of our money and making workers feel it is not in their self-interest to work for a wage, farmers to feel it better to hoard their product for barter, the defense industry to feel it is not worth it to innovate and manufacture etc. is destroying or at best greatly weakening and impoverishing this nation.
It wouldn't be so bad if these people just simply recognized they were clueless and not try to influence policy, but as I noted this group of very stupid people think they are smart.
I mean you understand that it is self-evident that incurring debt that is impossible to pay is a very, very bad and destructive thing, right?
Yep, I sure do. All I can figure is that Americans are eternal optimists. They always figure things will be better in the future.
That’s why people take out mortgages, or school loans, or borrow money to start businesses. That’s why unemployed job-seekers will buy a new suit on credit, so that they can go on interviews.They figure that borrowing money against future earnings will enable them to raise their incomes and pay that money back.
Back in the 1980s, there was a real fear that the US would never be able to balance its budget again. But things change. What looks impossible today can seem relatively achievable in another five years.
As long as the money that’s borrowed is used for productive investment instead of mere present-day consumption, I don’t have an issue with deficit spending. It’s how I started my small business, and it’s paid off.