<p><span class="h-card" translate="no"><a href="https://mastodon.social/@shriramk" class="u-url mention">@<span>shriramk</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.social/@regehr" class="u-url mention">@<span>regehr</span></a></span> Europe has been operating under the constraints of an economic myth that the US government also treats as gospel, but never actually complies with - the idea that government finance is like personal finance, and that the creation of money is literally "borrowing" from some existing fund. Even now, the limit to the ambition here is based on "if we spend on defence, what must me cut?" The US built its postwar economy on near unlimited "debt" used to finance the military.</p>
