People just don’t get government and ‘overseas’ debt, when it’s good for governments to spend and on what sort of things.  There is so little debate about this sort of stuff, instead it more often boils down to a non discussion.  I find it strange how I did undergraduate economics, like so many others must have done, and yet few seem to have taken and applied the principles learnt beyond the classroom.

It’s like geographers having known the world is round for many years, yet all these commentators and politicians who claim geographical knowledge continue to base their analysis on the world being flat.

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