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Which is why I'm not particularly enthralled by the no-bonds argument and why I believe the "future debt burden" argument is so much bullshit.
The big unfunded liability of the future will possibly come from out-of-work neo-classical economists and academics that can't be re-trained to do anything useful.
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Which is why I'm not particularly enthralled by the no-bonds argument and why I believe the "future debt burden" argument is so much bullshit.
The big unfunded liability of the future will possibly come from out-of-work neo-classical economists and academics that can't be re-trained to do anything useful.
They shoot horses don't they?
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