this post was submitted on 14 Jan 2024
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[–] HowRu68@lemmy.world 11 points 2 years ago* (last edited 2 years ago) (1 children)

" Two major wars, a shipping crisis, cyber attacks on state institutions and yet more alarming evidence of the climate emergency mean there’s no shortage of talking points.

But turning ideas into action when governments owe an unprecedented $88.1 trillion — equivalent almost to the world’s annual economic output — will be hard. "

[–] Haagel@lemmings.world 14 points 2 years ago

Owed to who? Future generations?

It seems our leaders have already decided to default on that obligation.

[–] Maggoty@lemmy.world 3 points 2 years ago* (last edited 2 years ago)

Fiat currency is not a finite resource. While I agree that many governments and central banks aren't in a good position for another shock right now, it's not as simple as big debt number=crash.