With regard to government spending in the wake of COVID-19:

Where is the money coming from?

How are we going to repay the debt?

These are all very important questions.

Apparently.

At the moment, governments are throwing money around like drunken sailors on shore leave. There doesn't appear to be any consequence to all this spending...yet. It reminds me of Wile E. Coyote after he has run off a cliff...and hasn't looked down...yet. https://twitter.com/AndyGorfman/status/1260896341573713921

Now, I wonder if the government, like Wile E. Coyote in a Road Runner cartoon might never plummet to the ground so long as it doesn't look down.

Seriously, what if those questions that I asked at the start of this thread have no impact on society? https://twitter.com/AndyGorfman/status/1260897281030619137

If that turned out to be the case, one could suppose that this fetishisation of fiscal prudence and budget surpluses was a lie.

One might well have suspected that in any case, when one looks at how the World Bank and International Monetary Fund... https://twitter.com/AndyGorfman/status/1260897807810138113