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by awshepard 2806 days ago
Is it economically rational, or irrational, to pass costs on to someone else if one can? It seems a little odd to pass costs to one's grandchildren, but hey, then it's "not my problem!" and they can vote to pass the costs to their grandchildren!
2 comments

The costs are diluted by inflation and the children inherit the built infrastructure. If the diluted debt is less than the value of the infrastructure then everyone wins.
It is rational because the costs are being passed on to our (the 99 percent) grandchildren, not to theirs (the top decision makers).