This can be a thread for fiscal related prudence and ways to manage economies etc.
After reading an article today by Peter Costello I think he says it right when we need to keep debt low. After the recent stimuluses how is the government going to manage our debt? ( it is our debt not their's)
One of the reasons a government should keep its debt low is so its decision-making is not compromised by the need to square off its financiers.
Countries rise and countries fall. We should be careful about drawing recent past performance as a linear projection over long time periods into the future.