Re:Entire German bond yield curve back in sub-zero territory
by jonkho on Tuesday August 03, 2021 @11:20AM
(#28050236)
Cash spent on housing, universities etc doesn’t “sink into a hole and disappear”. Someone else on the other side of the transaction got it and can spend it. On the other hand, raising taxes to collect said cash to neutralize the debt would be a “sink”.
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Re:Entire German bond yield curve back in sub-zero territory
by missedthecue on Tuesday August 03, 2021 @04:46PM
(#28053952)
Its silly how many otherwise smart people forget that income = expenditure. Whatever you spend is someone elses income. That money doesn't get incinerated.