One thing I really struggle to understand is the economic arguments for large national debts, which seem to be a mainstay of modern nations. Is it as simple as countries really cant help themselves?
It seems so clear to me that the economically superior position is lower deficit spending, extremely low treasury yields, high investment, and high growth.
Am I severely underestimating the effectiveness of government spending at stimulating growth?
It seems that large deficit spending should be reserved emergency stimulus for correction, not a feature of healthy growing economy, and their use during "good times" diminish capacity for use in the "bad times"
It seems so clear to me that the economically superior position is lower deficit spending, extremely low treasury yields, high investment, and high growth.
Am I severely underestimating the effectiveness of government spending at stimulating growth?
It seems that large deficit spending should be reserved emergency stimulus for correction, not a feature of healthy growing economy, and their use during "good times" diminish capacity for use in the "bad times"