Nov 27, 2024
It's amazing how triggered people are by the word "debt" without attaching any realistic context to it. Simply changing the word to "private sector surplus" or "national savings" would drastically change how people react to their govt's spending.
I don't think everyone needs to gain a degree in economics, and those who did don't appear much more enlightened than the average citizen. However, so much could be gained if everyone had some working knowledge of sectoral balance spreadsheet accounting which is not that difficult to understand.