Debt implies a strong statement about the future, and a high degree of reliance on forecasts. If you borrow $100 and invest in a project, you still owe $100 even if you fail in the project (but you do a lot better if you succeed). So debt is dangerous if you are overconfident about the future.Nassim Nicholas Taleb
Election Economic Misconceptions (11) Government Expenditure causes
Inflation
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Politicians (mostly on the right) frequently claim that increased
government expenditure causes inflation. This is simply not true.
If the economy is ov...
6 days ago
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