this post was submitted on 14 Jan 2024
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Well, instead of symbolically joining a public protest, maybe Scholz could actually act against the rise of the extreme right, you know, like, not letting people alone with inflation and rising cost of living, or not letting our public infrastructure decay after years of neglect. All just because we are afraid of deficit spending and public debt, to the point where the government is unable to do anything anymore
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.
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?