Finally someone mentioning this. Much of the current economic thinking holds that a sovereign government, with the power to produce currency and levy taxes, cannot go bankrupt anyway.

The deficits and total debt don’t matter so long as inflation is kept in check.

Any suggestion on behalf of politicians that we need to raise taxes or cut spending to “balance the budget” is based on the illusion of scarcity that is ultimately self defeating.

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Helping You Find a Happy Medium in a Chaotic World | Founder of The Outbound Cow| Please subscribe! http://jlund.substack.com

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