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The Forum > Article Comments > Private sector debt is a burden, not an economic benefit > Comments

Private sector debt is a burden, not an economic benefit : Comments

By David Kauders, published 24/2/2021

Australian private debt is now 200% of GDP some four times the level of public borrowing. Does this private sector debt affect economic growth?

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Chris Lewis,
Actually I see many problems ahead; just none caused by debt.
Future generations may pay dearly for our reluctance to address the climate change issue.
Posted by Aidan, Friday, 26 February 2021 6:04:34 PM
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Future generations may pay dearly for our reluctance to address the climate change issue.
Aidan,
If our Generation stuffs the planet sufficiently to reduce the population than we should look at future generations as beneficiaries !
Posted by individual, Saturday, 27 February 2021 1:48:17 PM
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individual,
Your claim is absurd.
If our generation stuffs the planet sufficiently to reduce the population, the survivors of future generations will still be worse off because the planet will be stuffed - a lower population would bring no benefits whatsoever.
Posted by Aidan, Saturday, 27 February 2021 5:05:35 PM
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a lower population would bring no benefits whatsoever.
Aidan,
the above is utterly absurd !
Posted by individual, Saturday, 27 February 2021 10:01:38 PM
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Individual,
Then how about providing some counterexamples? Exactly what benefits, other than avoiding the planet being stuffed, would a lower population bring?
Posted by Aidan, Saturday, 27 February 2021 11:18:34 PM
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Aidan,
You answered your own question !
Posted by individual, Sunday, 28 February 2021 7:41:52 AM
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