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The fact that we can borrow at 3% for 30 years and we don't use this to invest in productive infrastructure assets is insane.
by danieltillett 11y ago
The fact that we can borrow at 3% for 30 years and we don't use this to invest in productive infrastructure assets is insane.
- encoderer 11y agoWho is we? The federal govt can borrow at far lower rates than 3%.
- Renevith 11y agoNot for 30 years. In fact, as of yesterday 12/15, the 30-year treasury rate was exactly 3.00%. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield https://www.treasury.gov/resource-center/data-chart-center/i...
- encoderer 11y agoGreat link, thank you!
- danieltillett 11y agoWe the people. I was being a bit generous with the we bit since I am Australian, but the same thing applies to our government too. My state just sold off a hugely productive piece of infrastructure (electricity poles and wires) to pay down debt. The crazy thing is the infrastructure returned twice as much per year in dividends than the interest on the debt retired.