4 ms·
How much of our current Federal debt is just funding current consumption? How much of the budget can truly be scored as investments? Perhaps not even the bulk
by hga 10y ago
How much of our current Federal debt is just funding current consumption?
How much of the budget can truly be scored as investments? Perhaps not even the bulk of student higher education loans....
- carsongross 10y agoI agree entirely, but the sovereign issuing debt in it's a currency it controls (and let us assume, push come shove, the Treasury will side with the government over the Federal Reserve) is different than an individual taking on debt for consumption. Keen is very good on this and has convinced me, despite it going against my inherent anti-debt biases.