Conversation

I never understand anything about money until I translate it meaningfully into time terms. Like 2T in deficits... how many future years have we mortgaged away, and to what extent? How do we measure that? How many more hours will you have to work for comparable standard of living?
8
49
Replying to
I’m not relying on the household metaphor... I’m talking direct money-time connection, which exists in every economic system. It may not be like household debt, but it is still a pre-commitment of time to generate growth etc.