LETTER: Deny the corpse a blood transfusion
There is no reason to borrow money for the government to squander
19 July 2020 - 17:36
I wonder how many of the “100 economists” own their own story of a successful business venture they financed and embarked on? Or are they just excellent theorists?
Unless a business with a strong financial track record is temporarily handicapped by a short-term crisis, in such a scenario it may make good sense to borrow to see it through the crisis. However, SA Inc — the present government — has performed dismally these past 10 years and is getting worse with time, so there is no logical reason to borrow money for the government to squander...
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