pull down to refresh

138 sats \ 1 reply \ @Undisciplined 8h \ on: Japan's stimulus to be worth $135 billion, largest since pandemic, draft shows econ
It reminds me so much of all the cooky perpetual motion machines people thought they had invented.
write
preview
0 sats \ 0 replies \ @Scoresby OP 8h
Right, accept this one affects an entire country.
I want to yell that the emperor's naked, but I get the sense that society in general right now might respond: so?
The US debt has gone from $8T to $38T in the last 20 years and apparently it doesn't matter. Prices go up, taxes go up, but it's not like anything really broke...other than a recession or two. It's there were consequences for the people who decided to spend the money.
It can't go on forever, but how long can it go on?
reply