EconomistaAustriaco on Nostr: 📉 Incentives are misaligned: 🔹 In the short term, politicians win votes by ...

📉 Incentives are misaligned:

🔹 In the short term, politicians win votes by increasing spending and avoiding tax hikes.
🔹 In the long term, deficits become debt… and debt becomes unpayable interest.
🔹 Fixing it means cutting spending or raising taxes — which leads to defaults or political fallout.

It’s a game of winning today and passing the time bomb to the next guy.
And tomorrow… always comes.