• letmesleep@feddit.de
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    1 year ago

    It’s just silly. In business class you learn that you need to account for inflation when assessing the value of money. Even without economic growth 8% inflation mean that our country’s debt shrinks by 8% if we don’t pay back a single euro. That’s about 200 billion euros of debt vaporized last year alone.

    Not accounting for inflation with the debt brake (Schuldrenbremse) was an incredibly dumb decision.

    • Muetzenman@feddit.de
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      1 year ago

      You learn that there are different kinds of dept aswell. Dept as investment isn’t bad. And most importent: a country isn’t a company. You can litterly print money! (Or at least the ECB) As long as the economy runs it doesn’t matter.