[This article is reposted from Diego Lucero's blog "How A Mormon Thinks"]
Directly below, I have typed the full transcript for the Youtube video called, "How Should Governments Deal With Debt?", in which Dr. Stephen Davies explains the different possible approaches that governments can take to deal with the debt crises that happen around the world. I have also embedded the video at the bottom of this post.
Directly below, I have typed the full transcript for the Youtube video called, "How Should Governments Deal With Debt?", in which Dr. Stephen Davies explains the different possible approaches that governments can take to deal with the debt crises that happen around the world. I have also embedded the video at the bottom of this post.
In my opinion, the below is a strong, simple, and succinct argument for increasing personal liberties and for decreasing government spending.
“Nations that spend too much face very difficult choices and options. One is to actually return to the paths of virtue and bring the public spending under control—through a combination typically, of raising taxes and cutting spending. This can be done, but it can often take very a long time—but it is certainly better than the alternatives.




