How is everyone always like “either cut or tax”? Like, there’s a central bank. They can just buy out the debt. They did like crazy, during the financial crisis 2009ff, then again during the pandemic. Y’all with your “cut or tax” are mixing up your personal finance with state-level finances. That’s a totally different thing.
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Cake day: November 29th, 2024
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How’s just basically erasing all the debt not enough? Like, yeah, they can’t do it on a whim (well, technically they can, because they’re technically independent, but that would very quickly show how “independent” they really are), but Euro countries can just decide to make it happen, like they did before countless times.