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Borrowing money is simply the government doing socially useful things now in exchange for giving up the ability to do so later. Sure, low interest rates give yo
by ThrustVectoring 11y ago
Borrowing money is simply the government doing socially useful things now in exchange for giving up the ability to do so later. Sure, low interest rates give you better terms on this, but it's not obviously clear that this is the correct thing to do. Roads and bridges need maintenance, and in the future there will be more old people that we want to take care of.
- trophycase 11y agoExcept if you don't invest in infrastructure and useful social things, there's no future of note anyway. I don't really think the economy will do too well if nobody can make it to work.
- ThrustVectoring 11y agoRight, there's obviously transportation and infrastructure projects that are positive-value. We should do those. What we shouldn't do is invest in transportation and infrastructure projects without evaluating whether or not they're positive-value. Even if we have unprecedented ability to cheaply invest in infrastructure, that doesn't mean that all projects are worth doing.