Ka-pi96 said:
Actually, you're drastically overestimating them. They're probably a negative number, since countries with lower standards of living typically have higher population growth rates. ie. there are actually less people alive and health in 1st world countries, because of the high standard of living. Why would the government need to force people to produce food? They're going to do that anyway. And they're going to sell it anyway. And if people don't have as much money as they did before then prices will go down to match people's spending power. That's how economies work normally. Why would it stop doing that all of a sudden now? |
Unless government "prints" so much money that the money becomes worthless then we can be like Germany pre WW2. Not going to happen anytime soon but debt is accelerating at an alarming pace. We had annual deficits around half a trillion when Obama left then that deficit blew up with tax cuts to rich and corporations and increased military spending. Now we are pushing 1 trillion annual not including all the recent legislation for corona virus. I believe this year USA will be at 4-5 trillion added debt in just one year.