by Chris Black
Well, because public debt falls on the shoulders of future generations of taxpayers (intergenerational debt slavery), whereas private debt is the responsibility of the individuals who incurred the debts that they alone must pay off.
It doesn’t fall on the shoulders of the rest of society who shouldn’t be punished for the poor choices of others.
Public debt is championed exclusively by socialist politicians and leftoid economists who adhere to “Modern Monetary Theory”.
Infinity money printing is their solution to everything.