none of this has anything to do with people deciding to be nazis.
also, germany literally spent and will spend multiple billions on all sorts of important things. funding stuff with more debt just leaves you less next year, plus it’s gambling on needing less money next year. if you need more next year, you will have to fund paying back debt with more debt or the whole country will default. only banks like this crap
As the only way to create money is for the central bank to grant the government a loan, it goes even further. If the government has no debt, nobody has any currency to pay with. It is a surefire way to destroy the entire economy.
Also Germany has been able to take on loans at interest rates well below inflation, or for some years even at negative interest rates. So it has gotten and still gets money in real terms from taking on government debts. You realize, that when you take out a loan for 1 Billion but you only have to pay back 900 Million, you made 100 Million?
If I spend 100€ now to avoid 10000€ in damages later, spending more money NOW will actually leave me with LESS debt in the long run. And we just so happen to be in the midst of a global catastrophe where every Euro not spent as early as possible to prevent it will make it infinitely more expensive for us in the long run.
I didn’t say that people “just decided” to be nazis and I still wouldn’t say that. A major factor is economic inequality (but surely not the only one).
The narrative of having to pay back more and more so the budget gets cut more and more is misleading. Debt doesn’t work the same way for governments as for a private entity. Paying back interests is easy if the economy is thriving. You can just pay back the old loans with new ones, this is absolutely no problem and governments have been doing this for ages. Absolute debt numbers in € don’t mean anything, and debt relative to GDP or federal budget also doesn’t say whether the debt can be paid back. We are afraid of possibly/maybe/probably not/whoknows may be in the future and cut spending everywhere. And then we are surprised that people vote for alternative parties
you work for a bank, do you?
none of this has anything to do with people deciding to be nazis.
also, germany literally spent and will spend multiple billions on all sorts of important things. funding stuff with more debt just leaves you less next year, plus it’s gambling on needing less money next year. if you need more next year, you will have to fund paying back debt with more debt or the whole country will default. only banks like this crap
Money doesn’t work the same way for government, banks or people.
For a country to take debt that gets spent inside the same.country usually leads to more spending of people on taxes and a lot of money gets returned.
A state doesn’t work like a person, company or bank.
Removed by mod
As the only way to create money is for the central bank to grant the government a loan, it goes even further. If the government has no debt, nobody has any currency to pay with. It is a surefire way to destroy the entire economy.
Also Germany has been able to take on loans at interest rates well below inflation, or for some years even at negative interest rates. So it has gotten and still gets money in real terms from taking on government debts. You realize, that when you take out a loan for 1 Billion but you only have to pay back 900 Million, you made 100 Million?
If I spend 100€ now to avoid 10000€ in damages later, spending more money NOW will actually leave me with LESS debt in the long run. And we just so happen to be in the midst of a global catastrophe where every Euro not spent as early as possible to prevent it will make it infinitely more expensive for us in the long run.
I didn’t say that people “just decided” to be nazis and I still wouldn’t say that. A major factor is economic inequality (but surely not the only one). The narrative of having to pay back more and more so the budget gets cut more and more is misleading. Debt doesn’t work the same way for governments as for a private entity. Paying back interests is easy if the economy is thriving. You can just pay back the old loans with new ones, this is absolutely no problem and governments have been doing this for ages. Absolute debt numbers in € don’t mean anything, and debt relative to GDP or federal budget also doesn’t say whether the debt can be paid back. We are afraid of possibly/maybe/probably not/whoknows may be in the future and cut spending everywhere. And then we are surprised that people vote for alternative parties