Ethnic Vagina Finder
The Great Paper Chaser
If they feel the government shouldn't spend what they have then they all need to balance their own shyt.
No conservative should have a credit card or a mortage.
- Thread starter Ethnic Vagina Finder
- Start date
As an econ major:
public debt =/= private debt
one is a legal contract between a debtor and a lender, the other is the government simply spending money it doesn't have with no legal consequences
debt serves an important function with regard to time preference and how money is distributed in the economy, its not naturally a bad thing.
public debt =/= private debt
one is a legal contract between a debtor and a lender, the other is the government simply spending money it doesn't have with no legal consequences
debt serves an important function with regard to time preference and how money is distributed in the economy, its not naturally a bad thing.