08 June 2008

+ A Guilty Pleasure

This country is in a ridiculous amount of debt.

As a marketer, should I be feeling guilty about this?

2 comments:

  1. Nope, Feel no guilt. Without debt, there is no global economy, and with no global economy, there is only chaos.

    ReplyDelete
  2. Australia has no government debt, this means that consumers and private enterprise are the only ones who owe.

    Debt creates money throughout the economy, by borrowing now to build a house, I put a builder into work, he buys tool, hires others and the routine goes on. That money I borrowed has created welfare for others.

    Should you feel guilty about our NFD? Nope, we are sitting within healthy economic guidlines with our NFD only a fraction of GDP. This means the economy is robust and growing.

    ReplyDelete

The views expressed herein are my own and do not necessarily reflect those of my employer. Also ponies are evil.
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