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9 days agoTbf, this post is a shower thought comparing governments to parents. Governments aren’t individuals.
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Cake day: July 11th, 2023
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Don’t forget debt. I have to have an emergency fund but you just print money and spend it like there’s no tomorrow for years on end?
Maybe, in a perverse way, they aren’t all that different in the extreme. If I were a billionaire, I can take loans out against my securities basically forever. Governments can sustain a growing debt load forever if it grows more slowly than GDP.
Alas, I am not a billionaire.