An interesting graphic by Lyn Alden shows the increasing state activity and higher government debt leading to a crowding out of the private credit sector. We are facing a Herculean task of reining in the state and shrinking it to a healthy level so that healthy productive economic growth becomes possible again.
21 sats \ 0 replies \ @ablunderfilledlife 27 Feb
It will always be harder to get rid of a government project than it was to start it. This principle alone should make government, or at least voters, stop in their tracks before carrying on with their suggestions and support.
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21 sats \ 1 reply \ @brandonsbytes 27 Feb
If Argentina can pull off getting their inflation under control by gutting government spending, then other governments will have to take stock? or am I being naive?
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21 sats \ 0 replies \ @TomK OP 27 Feb
They need to get out of funds first. Then yes
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