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Here's a simple fix to getting people to not obsess over debt - eliminate debt. Recognize it as the nonlinear burden that it is, and that, unlike Krugman's bel
by thrill 7y ago
Here's a simple fix to getting people to not obsess over debt - eliminate debt. Recognize it as the nonlinear burden that it is, and that, unlike Krugman's belief that ignoring it makes it a'ok, that it needs to be addressed and not kicked to the next generation. Make it unacceptable for politicians to incur debt for anything other than a catastrophe, and absolutely not as a normal way of doing business. Yes, America, I'm especially criticizing you, for 20 trillion reasons and counting. After all, if it's so unimportant, then it should be trivial to eliminate.
- inflatableDodo 7y ago>After all, if it's so unimportant, then it should be trivial to eliminate. I think you would have to scrap nearly every piece of fintek since at least the time of Newton and completely reinvent how modern monetary systems and economies work from the ground up, to eliminate debt.
- deleted 7y ago[deleted]