Wednesday, July 16, 2014

On the Fetishization of Debt

What's peculiar about debt-obsessed politicians is that they think that society exists for the sake of a balanced budget, and not the other way around. They think that if the only way to balance the budget is to destroy society, then so be it. But no one really lives this way. Budgets are meant to address the necessities in life so we can flourish in freedom. No one would stop heating their home for the sake of erasing their debt; they would seek a new stream of revenue for paying for this necessity. Those who think otherwise are fetishizing over a mere economic abstraction.