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“Governments are not so much afraid of debt anymore.”
They should be afraid Paul! Without cash to pay debt plus interest, you are broke.
“At the rate western governments are sinking into debt though, one must wonder if even modern economies will be big enough to absorb all of it.“
Great point, we’ll find out, or not!
They should be afraid Paul! Without cash to pay debt plus interest, you are broke.
“At the rate western governments are sinking into debt though, one must wonder if even modern economies will be big enough to absorb all of it.“
Great point, we’ll find out, or not!
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