Spending money you don’t have that you print into existence causes inflation which causes lots of bad things. That’s a simple fact. The inflation caused by spending money you don’t have takes food out of the mouths of the common man. You can twist things up to try to change that fact, but the angry libertarian won the election because the common man thinks big changes need to be made. In the past, the angry guy wasn’t a libertarian. Angrily sniff all you want, that’s already happened.
You can say “But my thing is special!” yeah, it’s special to you. And a lot of stuff is special to the people it applies to. There’s welfare programs that’ll need to be cut too. I strongly suspect education programs will have to be cut. You’re not special, and stuff that’s more immediately painful that defunding a science institute will need to happen to bring things back into equilibrium because a lot of cuts need to be made. A lot of more people much more deserving of help are likely to lose that help in the near future. People who don’t have high education and careers who can probably pivot into somewhere in the private sector.
There’s two phases to spending money you don’t have: The part where you spend the money, and the part where you pay the money back (or in this case, the part where you balance the massively unbalanced budget and start the process of monetary tightening). It feels great to spend the money, but it hurts way worse to fix things. Argentina is in terrible shape. High debt at a high interest rate, and it’s trying to make up the difference by printing money so their peso is collapsing every year. Because nobody wanted to cut anything because there was such a great argument for spending that money, now a lot of stuff people want will have to be cut to get to equilibrium.
You don’t even need to argue with me, I’m just the messenger. This is just the truth of reality in front of you. It isn’t going to change anything even if you “win” an argument with me. It won’t bring down inflation by one basis point, and it won’t change the fact that this guy won the election and might bring in some serious budget cuts just as he was elected to do, including the thing you like.
Spending money you don’t have that you print into existence causes inflation which causes lots of bad things. That’s a simple fact. The inflation caused by spending money you don’t have takes food out of the mouths of the common man. You can twist things up to try to change that fact, but the angry libertarian won the election because the common man thinks big changes need to be made. In the past, the angry guy wasn’t a libertarian. Angrily sniff all you want, that’s already happened.
You can say “But my thing is special!” yeah, it’s special to you. And a lot of stuff is special to the people it applies to. There’s welfare programs that’ll need to be cut too. I strongly suspect education programs will have to be cut. You’re not special, and stuff that’s more immediately painful that defunding a science institute will need to happen to bring things back into equilibrium because a lot of cuts need to be made. A lot of more people much more deserving of help are likely to lose that help in the near future. People who don’t have high education and careers who can probably pivot into somewhere in the private sector.
There’s two phases to spending money you don’t have: The part where you spend the money, and the part where you pay the money back (or in this case, the part where you balance the massively unbalanced budget and start the process of monetary tightening). It feels great to spend the money, but it hurts way worse to fix things. Argentina is in terrible shape. High debt at a high interest rate, and it’s trying to make up the difference by printing money so their peso is collapsing every year. Because nobody wanted to cut anything because there was such a great argument for spending that money, now a lot of stuff people want will have to be cut to get to equilibrium.
You don’t even need to argue with me, I’m just the messenger. This is just the truth of reality in front of you. It isn’t going to change anything even if you “win” an argument with me. It won’t bring down inflation by one basis point, and it won’t change the fact that this guy won the election and might bring in some serious budget cuts just as he was elected to do, including the thing you like.