[ExI] Science confirms: Politics wrecks your ability to do math

[Kelly Anderson]

On Sun, Nov 3, 2013 at 3:34 PM, spike <spike66 at att.net> wrote:

>
> Ja.  We can explain much of the current political struggle on differences
> in assumptions regarding government debt.  There are those who believe
> governments must eventually balance their books, and those who believe they
> do not.  As a possible third category, we could imagine even if governments
> do not ever balance their books, they must at least demonstrate they are
> trying.  I put myself in the first category.
>

The government can accept a small amount of continuing debt that will erode
to a smaller amount with the force of inflation over time. The question is
whether the current amount of debt is too large for inflation to ever erode
to a manageable level.

-Kelly
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