Quote:
Originally Posted by Ethersync
I know my history very well actually. Give some examples of government spending pulling countries out of recessions. This should be fun...
Yes, our national debt is a huge problem. One benefit we have is that our debt is all denominated in dollars. The risk is not that we default, but rather that we destroy our currency.
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United states - great depression
Germany - Rise of Hitler
Japan - did not do this as they run about 100% of GDP as the national debt and did not have the option.