the smartest thing a Western big country has done for decades?
Germany's debt to GDP ratio is about to fall to 55% by 2020. Germany pays, on average, 1% on its debt and this will probably remain this way for several years.
Germany has a public debt of €2.15 trillion and will cut this down below €2 trillion soon. At 1%, that is €20 billion in interest payments.
The US has a national debt of over USD 19 trillion and with the Fed increasing interest rates, by 2020, the US will likely pay about USD 1 trillion on its then USD 25 trillion debt just in interest.
No it's actually very stupid
Debt hawks are cultists, the public debt doesn't matter only private debt matters.
watch these videos
https://www.youtube.com/watch?v=KIaXVntqlUE
https://www.youtube.com/watch?v=QJZao5tzctw
Governments can easily afford deficits by monetizing the debt, deficits help society by providing low cost public goods, utilities, and infrastructure (roads, etc)
>>72605904
it's truely end time if amerilards advocate communism
>>72606115
capitalism is not communism
Hitler was not a communist
>>72605904
What THE FUCK.
The point is that governments, if they come crashing down, are fucked. Look at Greece. The whole society is fucked.
Yes, the US may just print print print more money, but that leads to spiking inflation.
So how will your broken political system deal with your debt problem?
>>72606199
>but that leads to spiking inflation.
Moderate inflation helps the economy grow and invest.
https://www.youtube.com/watch?v=Xmm23vJeu0A
So debt monetization is actually good.
>>72606392
also a good, relevant video
https://www.youtube.com/watch?v=m4ylSG54i-A
>>72606392
>Moderate inflation helps the economy grow and invest.
America would need to print 1 trillion+ dollars per year. That is adding 5% to inflation... on a yearly basis starting with 2020. You want 7-8% inflation on a constant basis?
Guess what, the dollar would crash, leading to 12-15% inflation just as in the 1970s when Nixon stopped Bretton Woods.
>>72606438
Germany is actually currently well off because it has lower household debt than most countries and a trade surplus (jobs)
>>72606532
>1 trillion+ dollars per year.
No it wouldn't it would
please watch the videos above and this one
https://www.youtube.com/watch?v=toW2oEhNZmk
>1970s when Nixon stopped Bretton Woods.
Inflation in the 70s was caused by OPEC increasing oil prices due to muh Israel it had nothing to do with Nixon
>>72606620
*it would only need to print enough to pay interest
