link to original reddit post by /u/Parkin_Wafer
Ok so I feel like I’m crazy because It seems that everyone favors a Keynesian type of economy where we borrow endlessly & spend to grow the economy.
From what I understand, inflation is horrible because it’s a tax on savings and makes our purchasing power weaker. Same thing with national debt because we are going to pay the price through taxes so it makes sense to try to eliminate the debt or at least shrink it as much as possible?
However, I’m being told the opposite and I don’t understand their reasoning. Their reasoning is that the planet will never lose trust in the American currency/economy so we can borrow forever. I think that is bull and eventually it’ll bite us in the butt.
What do you guys think?