Reply To: How debt is passed off to future generations


Mr. Herbener, such seems to be the case if we look at the “total future generations of the whole planet Earth”. But I’m a bit lost… what if we look at different countries? If USA bondholders are Chinese people, and taxpayers Americans, then in the future the tax money will be raised from within USA and given to somewhere outside (China). Can it not be said then that: the present burden of debt is upon “present Chinese generations”, while future burden is upon “future American generations”? Wouldn’t then, in both the present and the future, some generations bear the burden? Thank you.