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Govts should not have the right to raise debt because it enables them to be extravagant without risking inflation. Every generation will live within its means without risking future of coming generations.
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Perhaps Krugman’s Grandson Will Understand Government Debt
Govts should not have the right to raise debt because it enables them to be extravagant without risking inflation. Every generation will live within its means without risking future of coming generations.