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Eudoxia's avatar

another dangerous economic myth which is repeated ad nauseam is that a government is like a household and has to 'balance its books' - which is wrong in that (1) government spending and taxation is only one part of the national economy and (2) government doesn't have control over the other parts. Also national governments (except in the EU) can create further money:

https://theconversation.com/why-the-federal-budget-is-not-like-a-household-budget-35498

https://neweconomics.org/2018/10/a-government-is-not-a-household

https://billmitchell.org/blog/?p=332

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Dan's avatar

Don't we already kind of subscribe to toothbrushes? That's the ultimate aim of all of this right, to create things that don't last forever. Every company is looking for it's added value.

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