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National Debt Strategies

About the topic of national debt, it just likes we borrow money from our offspring. Most of us think the debt is bad. However, someone has different ideas. If you can borrow some money from your children, you will be better off and your children will be worse off after that. But, if your children can also do the same thing to your grand children, they will be no longer worse off but your grand children will be worse off. Suppose human beings can exist forever and every generation could borrow money from their next generation. The first generation has more money and no one loss anything. Is that great? Who say there is no free lunch in the real world? What do you think about this idea?

Solution Preview

Basically, this idea is saying that everyone is borrowing money and everyone is living with debt for eternity. However, since everyone is borrowing money from the next generation, they are covering what the generation before ...

Solution Summary

Suppose human beings can exist forever and every generation could borrow money from their next generation. The first generation has more money and no one loss anything. The solution discusses if that is great and what to think about this idea.

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