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Interest is the largest single expense of any debt-financed infrastructure project. Ellen Brown, author of Web of Debt [1], has advocated a public infrastructur
by teslabox 10y ago
Interest is the largest single expense of any debt-financed infrastructure project. Ellen Brown, author of Web of Debt [1], has advocated a public infrastructure bank for several years now.
[1] http://www.webofdebt.com/ http://www.webofdebt.com/
- dajohnson89 10y agoWho profits the most off the interest?
- yo-code-sucks 10y agoThose of us smart enough to buy up the bonds!
- slededit 10y agoMunicipal bond holders (you could be one if you want). The interest is tax free too!
- dajohnson89 10y agoAnd who are the biggest Muni bond holders?
- slededit 10y agoAs with most financial instruments they are owned by primarily by "institutions". You may know them better as that bond fund in your 401(k).