> So, it is logical that government finances don’t work the same way as the personal and business finances we are used to in every day life.
In other words when you need a bailout because you made some stupid financial decisions due to greed the govt wont bail you out but if you are a too big to fail institution and have friends in high places, the govt will bail you out even though you made some reckless decisions, you just have to tell everyone that its very complicated.
Re:Who Owns the US National Debt?
by Smithalicious on Tuesday September 07, 2021 @09:19AM
(#28444438)
>Would they maybe be confused? And think it is an overly complicated approach to serving webpages with comics on them?
To be fair that seemed to be the reaction of several HNers, too
I think there is an important difference between “this is needlessly complicated” and “I don’t understand this yet.”
Nations are very large things, and national governments have powers and responsibilities that are different from the individuals and organizations within them. So, it is logical that government finances don’t work the same way as the personal and business finances we are used to in every day life.
That doesn’t mean government finances are optimal or perfect. But I think it’s reasonable to expect that it will take some effort to understand it as it exists today.