[ExI] Justifiable Lies
rafal.smigrodzki at gmail.com
Wed May 11 23:47:50 UTC 2016
On Wed, May 11, 2016 at 5:44 PM, John Clark <johnkclark at gmail.com> wrote:
> Oh come on Spike, the Republicans have
> predicting sky high interest rates and astronomical inflation for
> over a decade, and no matter how
> try to spin it or how many excuses
> you make
> they were *DEAD WRONG*; exactly the opposite of what they predicted would
> happen happened. But perhaps I shouldn't judge them too harshly, as Yogi
> Berra said "Predicting is hard, especially about the future".
### Unless AI-boosted productivity growth bails us out, world's
governments will be unable to pay their debts in the next 30 - 40 years if
they continue the present trajectory. Saying that unlimited debt
accumulation is not a problem because our economies so far didn't have to
deal with its effects is like saying that having a plastic bag wrapped
around your head is safe, because you haven't passed out yet.
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