We might also say that there is something tawdry about insisting that modern living standards are not negotiable and must be preserved with high public sector debt. In effect, today’s policy makers are saying to the future, „Our current well-being and comfort is more important than any debt you may have to repay. We refuse to live within our means because it would inconvenience us to do so. We are too lazy and selfish to recognise our financial mistakes and pay for them. We’re going to leave that to you. Suckers!“
Quelle: More Money in Cash Right Now Than Equity in U.S. Companies
