re: #253 Birth Control Works

All nations go into and stay in debt.

In all my reading, I’ve yet to find a country that wasn’t in debt. Spain went bankrupt something like 6 times in the 1700’s (iirc).

Without debt there is no growth.

I’ve heard it said that Western civilization started with the reneging of debt.

Nations that go bankrupt free up the wealth that went to paying interest to go into other areas. It doesn’t get rid of the bad economics that caused them to go bankrupt but it allows them a fresh start.