Wikipedia defines common sense as “knowledge, judgement, and taste which is more or less universal and which is held more or less without reflection or argument”
Try to avoid using this topic to express niche or unpopular opinions (they’re a dime a dozen) but instead consider provable intuitive facts.
That budgets for households, businesses, and goverments have much to do with each other
Edit: fixed typo. ‘nd’ to ‘and’.
Hurr durr but the national debt is like a credit card and all debt is bad. China can just say pay up and we’re fucked.
And other stupid shit my parents used to say.
Yeah, them and what army? (Well, the PLA, but going into MAD and great power military strategy would be too much of a digression)
A classical example of Westerners thinking human laws are laws of physics somehow. I assume Westerners, anyway. It’d be weird to hear this from anyone recently imported.
the government can go into unlimited debt if it is willing to cause a hyperinflation at some point later in the future to eliminate all of that debt.
Hmm. Business budgets are pretty similar to household budgets.
In government budgets thing do get a little fuzzy, because historically they always run a slight deficit until they fall to war or revolution and “reset”. If it’s a rich country, they can raise taxes whenever they feel like, too, assuming they don’t care about re-election.