Scandinavia and the World
 

Comments #9606197:


Living Hell 7 3, 6:16am

@Zervo
"Of course you can have debt without budget deficit."
Cumulatively? I don't think so.
The only option I can think of would be printing excess money without cover for it.

"And typically, when you make a budget you factor in costs for loans."
That does not cover all the costs for loans. (State) Debts can only emerge out of budget deficits.

"And saying that eternal growth is unsustainable is shallow and does only apply to the status quo of today's type and rate of growth."

It applies to any constant growth rate.
In fact, over the very long run, it applies to any non-constant growth rate.
Even if humanity were to spread over the whole universe, the physical laws of this universe would still cap growth eventually.







America wearing England's shirt