Source: Adam Smith Institute
by Tim Worstall
“We’re told that the national debt is about to murder the economy in its bed …. Given that taxation is already at historical highs as a level of everything more of that’s not going to work. The idea that there will ever be any significant cuts in spending is, aha, aha, one of those solutions not to be found in the possible space of political solutions. Sure, we’d be delighted to point to all the things government shouldn’t be doing to bring the bill down but we do agree that a Parliament that would do this is unlikely. Which leaves only the one other possible solution — change the denominator. Debt at 100/100 is a different thing from debt at 100/200. So, grow the economy.” (06/08/26)
https://www.adamsmith.org/blog/the-way-out-is-significant-economic-growth