The household analogy, also known as the household fallacy or the government/household analogy, refers to rhetoric in political economic discourse that compares the finances of a government to those of a household. The analogy has frequently been made in debates about government debt, with proponents arguing that government debt can be analogized as household debt, and critics arguing that they are not comparable.
The household analogy, also known as the household fallacy or the government/household analogy, refers to rhetoric in political economic discourse that compares the finances of a government to those of a household. The analogy has frequently been made in debates about government debt, with proponents arguing that government debt can be analogized as household debt, and critics arguing that they are not comparable.
Source: Wikipedia "Household analogy" · CC BY-SA 4.0
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