▲ 997 ▼ the debt (lemmy.world) submitted 2 years ago by Varven@lemmy.world to c/memes@lemmy.ml 163 comments fedilink hide all child comments
[–] Spitzspot@lemmings.world 29 points 2 years ago (1 child) Micro-economics vs. macro-economics permalink fedilink source hideshow 2 child comments replies: [–] Shiggles@sh.itjust.works 19 points 2 years ago (1 child) I strongly encourage people who still think like OP to look up what happened the last time we paid off the national debt. permalink fedilink source parent hideshow 2 child comments replies: [–] AFallingAnvil@lemmy.ca 4 points 2 years ago (1 child) ...link? permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 8 points 2 years ago* Andrew Jackson sold off enough Native American land to cause a real estate bubble, and between that and other things started a bank run, and the kind of people that think they'll win the shell game pretend it's because non-productive debt is good, and the problem was elimination of debt, not how it was done and other circumstances (among them being on a gold standard so you can actually do a bank run) https://www.history.com/this-day-in-history/andrew-jackson-national-debt-reaches-zero-dollars permalink fedilink source parent
[–] Shiggles@sh.itjust.works 19 points 2 years ago (1 child) I strongly encourage people who still think like OP to look up what happened the last time we paid off the national debt. permalink fedilink source parent hideshow 2 child comments replies: [–] AFallingAnvil@lemmy.ca 4 points 2 years ago (1 child) ...link? permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 8 points 2 years ago* Andrew Jackson sold off enough Native American land to cause a real estate bubble, and between that and other things started a bank run, and the kind of people that think they'll win the shell game pretend it's because non-productive debt is good, and the problem was elimination of debt, not how it was done and other circumstances (among them being on a gold standard so you can actually do a bank run) https://www.history.com/this-day-in-history/andrew-jackson-national-debt-reaches-zero-dollars permalink fedilink source parent
[–] AFallingAnvil@lemmy.ca 4 points 2 years ago (1 child) ...link? permalink fedilink source parent hideshow 2 child comments replies: [–] DragonTypeWyvern@midwest.social 8 points 2 years ago* Andrew Jackson sold off enough Native American land to cause a real estate bubble, and between that and other things started a bank run, and the kind of people that think they'll win the shell game pretend it's because non-productive debt is good, and the problem was elimination of debt, not how it was done and other circumstances (among them being on a gold standard so you can actually do a bank run) https://www.history.com/this-day-in-history/andrew-jackson-national-debt-reaches-zero-dollars permalink fedilink source parent
[–] DragonTypeWyvern@midwest.social 8 points 2 years ago* Andrew Jackson sold off enough Native American land to cause a real estate bubble, and between that and other things started a bank run, and the kind of people that think they'll win the shell game pretend it's because non-productive debt is good, and the problem was elimination of debt, not how it was done and other circumstances (among them being on a gold standard so you can actually do a bank run) https://www.history.com/this-day-in-history/andrew-jackson-national-debt-reaches-zero-dollars permalink fedilink source parent
