• clifmo@programming.dev
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      2 months ago

      Absolute nonsense. Government debt has little real-world impact on future outcomes, at any level. The deliberate plundering and rigging, however …

      • BlackLaZoR@lemmy.world
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        2 months ago

        Absolute nonsense. Government debt has little real-world impact on future outcomes.

        Yeah sure. Tell that to Greeks circa around 2013. Funny how that turned out for them

        “Greece faced a sovereign debt crisis in the aftermath of the 2008 financial crisis. Widely known in the country as The Crisis (Greek: Η Κρίση, romanized: I Krísi), it led to impoverishment and loss of income and property, and forced the government to carry out a series of sudden reforms and austerity measures.[5][6] In all, the Greek economy suffered the longest recession of any advanced mixed economy to date and became the first developed country whose stock market was downgraded to that of an emerging market in 2013”

        https://en.wikipedia.org/wiki/Greek_government-debt_crisis