That sounds a lot like J.M. Keynes philosophy, "in the long run, we're all dead." IOW, don't worry, let our grandchildren pay for our debts, we'll be dead, so who cares? Our grandchildren can deal with it, screw them, we'll be dead!
It was a play on Keynes' words, but it expresses an underlying truth. The Universe started with a Big Bang; it will end in a Big Crunch. In short, we're DOOMED!
I don't support fiat money. I support Ferrari money.
"In the long run, we're all DOOMED!"That sounds a lot like J.M. Keynes philosophy, "in the long run, we're all dead."
We the people of the United States, in order to . . . secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.When you reckon that "we" includes our posterity, the statement "in the long run, we're all dead" is false.Indeed, in terms of the economic debate in which Keynes was then engaged, it is not even necessary to appeal to posterity in order to rebut it. Experience is that things which economists say will happen "in the long run" usually are well under way within half a year.