Quote:
Originally Posted by afc wimbledon
deficit spending is fine right up to the point where it isnt fine at which point the whole economy craters in a week or two, the currency becomes completely worthless and the government losses any ability to function, things devolve down to bartering assets for food real quick.
The problem with both the pro and con argument is no one knows at which point it will all go sideways, but it will eventually all go sideways
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Wouldn't the most sensible solution be to tie it to a % of GDP and then adjust whenever interest rates drastically change?