>If you consume more than you produce, you're creating a debt. Sooner or later this debt should be paid.
Few things: firstly, trade imbalance is not debt. That is a gross oversimplification of the macroeconomy.
Secondly: debt repayment doesn't even guaranteed with personal debt (bankruptcy, for example, discharges personal debt). The state has mechanisms for discharging debt available to it that personal debtors do not have.
Few things: firstly, trade imbalance is not debt. That is a gross oversimplification of the macroeconomy.
Secondly: debt repayment doesn't even guaranteed with personal debt (bankruptcy, for example, discharges personal debt). The state has mechanisms for discharging debt available to it that personal debtors do not have.