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#3 - anonymous (07/23/2013) [-]
-While the country is in debt
That's how world economy works. Every single nation out there has debt.
Why? Because debt is cheap.
#197 to #3 - thanesyrdahl (07/28/2013) [-]
>every single country has debt
#24 to #3 - chaosnazo (07/24/2013) [-]
Debt?
Oh sorry, can't hear you over all our oil.
#5 to #3 - anonymous (07/23/2013) [-]
^ This.

Country-level economics don't work the same as your household budget. This is where the confusion lies.
- You get into massive debt and you're ****** .
- The country gets into massive debt and it flourishes. Governments are SUPPOSED to spend, thats how the global economy is set up.
#170 to #5 - siddey (07/24/2013) [-]
Well done, you both read Cracked

Have a cookie and give yourself a pat on the back
#161 to #5 - anonymous (07/24/2013) [-]
Yes and no spending money on what neede is wasted money
#132 to #5 - ireallyhateorphans (07/24/2013) [-]
Erm, kind of. That's Keynesian economics, and it pretty much did work that way when Keynes was powerful during the Great Depression. Then came the 1970s and its stagflation and pretty much changed our entire view of macroeconomics, since prior to that it was never thought possible to have depression and inflation at the same time. Since that is only possible via a supply-side economic theory rather than demand-side, things have more switched over to the Friedmanian school of thought, which says that it is businesses, not the government and its spending, that makes a difference.
#117 to #5 - avengingmoose (07/24/2013) [-]
Tell that to Greece, where the debt crisis basically entirely ****** up the economy
#58 to #5 - superduperpuper (07/24/2013) [-]
It actually really works mostly like this. There is just one point missing: The household budget and the country budget are really tightly connected.
I works like this:

If the country has no debts... well **** you rich faggots then.

If the country xy has let's say 2 trillion moneyz debts, but his people has all in all 4 trillion moneyz then the coutry isn't really considered to have debts, because in country-level economics the money of the people is conidered to be the money of the coutry.

If So if that country now makes more debts and crosses the 4 trillion line, then the coutry is starting to have problems and is considered as poor, because even if they would take all the money from their people they couldn't pay back the debts. Well to get to this point your country would have to potato the economics really hard, which sadly happened in Europe in some countrys.
#52 to #5 - anonymous (07/24/2013) [-]
There is a line and we have crossed it
#46 to #5 - infinitereaper (07/24/2013) [-]
inflation, corruption, lobbying, financial crashes, corruption, stagnating worker pay...

it's all going to come crashing down...

oh wait...

it already has

and will again

and again
and again

as things continue to get worse.

#37 to #5 - ahoi (07/24/2013) [-]
Then you just read the first phrase
#25 to #5 - adu (07/24/2013) [-]
So how does a rate of constant inflation help set up a global economy again?   
Unless the fiscal cliff is just imaginary and economists have been making 						****					 up.
So how does a rate of constant inflation help set up a global economy again?
Unless the fiscal cliff is just imaginary and economists have been making **** up.
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