If I need to save enough money to pay for an entire house, and it takes me 20 years to do so, that is 20 years of needing to pay the same yearly expense for housing with rent on property that I do not own. This means the demand for that house is deferred by 20 years.
If I take a 30 year loan for the house, now I have shifted the demand for a new single-family dwelling forward 20 years and my quality of life, mental well-being, and productivity has raised significantly over those same 20 years.
Is this an analogy to government debt? No, of course not.
With expansion of government spending is only further theft, destruction and oppression. Government spending only goes to public sector activities; of which, by definition, do not contribute to GDP but increase unbounded tyrrany over the globe.
Kirk
npub1y4w…rlqp
2024-02-15 06:05:21
in reply to nevent1q…e3u7
Author Public Key
npub1y4wh3d7pzjj5as25rmkeqaddxyvpanepghp3unpgxfvyg3y23z5shjrlqpPublished at
2024-02-15 06:05:21Event JSON
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"content": "If I need to save enough money to pay for an entire house, and it takes me 20 years to do so, that is 20 years of needing to pay the same yearly expense for housing with rent on property that I do not own. This means the demand for that house is deferred by 20 years.\nIf I take a 30 year loan for the house, now I have shifted the demand for a new single-family dwelling forward 20 years and my quality of life, mental well-being, and productivity has raised significantly over those same 20 years.\n\nIs this an analogy to government debt? No, of course not.\nWith expansion of government spending is only further theft, destruction and oppression. Government spending only goes to public sector activities; of which, by definition, do not contribute to GDP but increase unbounded tyrrany over the globe.",
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