Borrowing it all?

In Short

Can’t we borrow it all to fund a brand new energy infrastructure based on solar, wind and batteries?

A Few Details

Let’s take back control of the greedy banks and grant loans to solve all the problems of the world? We will just pay back in a thousand years. The next generations will pay back easily, as interest rates are low and inflation will reduce the debt in constant dollars!

Yes, borrowing a bit can be done. The government already does it already, with a permanent deficit covered by borrowing.

No, borrowing trillions won’t solve it. It will only backfire with dramatic currency devaluation or misunderstood high inflation grinding the economy to a halt, with the poor taking the hit.

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