this post was submitted on 23 Sep 2025
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Isn't debt the alternative to rates rises? You can keep rates lower by borrowing more and passing the cost on to future rate payers. Rates caps doesn't seem like the answer to too much debt. Why not debt ratio limits?
I haven't. Is there something in particular I should take a look at?
Yes, and: Elected members seem to treat them the same; which is why I keep conflating them in my posts.
Popper wrote "The Open Society and Its Enemies (1945)" while at University of Canterbury:
https://en.wikipedia.org/wiki/The_Open_Society_and_Its_Enemies
This book came to mind when I wrote "... if regular people activate and push for the right things."
Cheers, I've put the book on my list to read at some point.