Replying to Avatar talej

The idea that economies always need to grow or else *doom* has never made sense to me… even stranger is that we measure that growth by the arbitrary metric that is GDP
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btcschellingpt 1y ago

💯

Contraction, like growth is a natural part of life; but here’s the brain noodle .. public sector debt is a component of GDP 🤯

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talej 1y ago

Even interest on said public sector debt is included. So looking at it simplistically you just borrow and spend forever then everything is peachy.

Sounds like a nice Modern Monetary Theory