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  #21  
Old 25-07-2019, 08:49 AM
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Quote:
Originally Posted by Jonboy View Post
Governments raise money by issuing treasury bonds. There can be many buyers and they may include pension funds, hedge funds, and other governments that want assets in a reserve currency.

The bonds have an expiry date so, in theory, they have to be repaid but generally a government will just issue new bonds to replace them. If a government had surplus cash they could choose not to reissue bonds.



Increasing GDP is the policy objective of just about every government in the world. New, well paid jobs come from increasing GDP. I would argue that ensuring well paid jobs for its citizens is a government's highest duty. The opposite is recession. The trick for governments is to manage the increase so that all parts of the economy growth at a supportable rate.

I don't see there is a finite limit to growth though what constitutes growth will change over time as circumstances change.

In the terms of this discussion the value of existing debt shrinks as the economy grows so modest deficits that facilitate economic growth (such as infrastructure development and research and development) are a good thing.
How can there not be a finite limit to growth?
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  #22  
Old 25-07-2019, 09:05 AM
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Exponential growth forever is the cornerstone of capitalism.
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  #23  
Old 25-07-2019, 11:12 AM
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Quote:
Originally Posted by rhino_mik View Post
Exponential growth forever is the cornerstone of capitalism.
Global capitalism and cancer share many similarities
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  #24  
Old 25-07-2019, 11:16 AM
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Probably the same place he promised the tram extension from... In other words promises, promises, promises = lies, lies, lies.
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  #25  
Old 28-07-2019, 12:24 PM
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The money doesn't need to be spent as that election has passed. We just need GE to get a new set of promises that won't happen.
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  #26  
Old 28-07-2019, 12:50 PM
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Quote:
Originally Posted by Golf Boy View Post
How can there not be a finite limit to growth?
The universe is effectively never ending
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  #27  
Old 28-07-2019, 03:17 PM
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The universe is effectively never ending
Unicorns live in this never ending universe one has to be positive and believe and they shall see it....
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  #28  
Old 28-07-2019, 05:53 PM
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Quote:
Originally Posted by Jonboy View Post
Increasing GDP is the policy objective of just about every government in the world.
That’s the same world that will be destroyed by the self same policies.
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  #29  
Old 29-07-2019, 02:42 AM
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Quote:
Originally Posted by rhino_mik View Post
Exponential growth forever is the cornerstone of capitalism.
..and 19th century thinking has had its time, tied to digging up fossil fuels and burning them. Where next? mining the moon and asteroids?
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