tag:blogger.com,1999:blog-2277215496195926573.post3505788558453234311..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Everyone complains about debt while advocating policies that increase the total amount of debt.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2277215496195926573.post-34315139969088053192013-11-02T15:38:23.699-07:002013-11-02T15:38:23.699-07:00"Everyone complains about debt while advocati..."Everyone complains about debt while advocating policies that increase the total amount of debt."<br /><br />Not everyone complains about Government debt. I like it! I've just received a tax refund and so I'm happy that their debt has risen slightly and mine has fallen slightly too.<br /><br />I'm not that keen on my own debts though!<br /><br />Everything in economics adds up to zero. Governments debts are someone's assets. My debts are someoe's assets. My assets are someone's debt.<br /><br />That's the way it works. There's no point in complaining about debts if you don't complain about assets too!PeterMhttps://www.blogger.com/profile/02052432715870196512noreply@blogger.com