The immorality of national debt

A strange religion has come to dominate British life in the post-war era. It teaches that the values of our forebears are outmoded and their achievements of no great significance. It preaches that wealth is no longer created through man's ingenuity and endeavour, but something bestowed upon the grateful congregation by a divine elite. This religion is government, its ministers are politicians and its gospel is debt.

Politicians have convinced us that everyone has a right to comfort and happiness and that government has a moral duty to provide it. They believe that wealth and liberation come in the form of paper or electronic money and that distributing limitless amounts of this commodity is a cure for all social and economic ills.

Distorted values

Only by spending this confiscated or borrowed money is a person truly moral. Anyone who dares to question this twisted faith is demonised. Any politician who questions the wisdom of government indebtedness and debt-fueled consumption is branded inhumane for supporting "savage cuts to vital public services."

Is it ethical to inflate our currency to reduce the debt burden, punishing generations of savers and their prudent lives of hard work?

Is it right that our greed threatens the economic freedom that's enabled more people to improve their lives than at any other time in history?

Is it moral that our debt has to be repaid by our unborn children, while we enrich our lives at their expense?

BulletNext: "Are we really printing money?"

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