I propose to make it mandatory reading The Fiscal Theory of the Price Level. Said this, one has to remember that during the Tetrarchy Roman soldiers were promised land, livestock, and farm equipment … we know how that ended.
You said it yourself. Old people won’t be around to pay the debt and their benefits are protected against inflation. They are terrible people and don’t care…and they vote.
I propose to make it mandatory reading The Fiscal Theory of the Price Level. Said this, one has to remember that during the Tetrarchy Roman soldiers were promised land, livestock, and farm equipment … we know how that ended.
You said it yourself. Old people won’t be around to pay the debt and their benefits are protected against inflation. They are terrible people and don’t care…and they vote.
Our representatives only care about staying in power. They are not competent!