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