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My statement was in response to the blanket question "how did we come to the point where not being indebted is bad?". The (somewhat blanket) response was that d
by FabHK 7y ago
My statement was in response to the blanket question "how did we come to the point where not being indebted is bad?". The (somewhat blanket) response was that debt is not always bad.
Second, I second Krugman's conclusion that rebus sic stantibus, Germany should borrow more (very cheaply) and invest more (for example, in fixing the shamefully neglected infrastructure). This a fairly specific statement, tied to a place and time.
- AnimalMuppet 7y agoGermany's infrastructure is "shamefully neglected"? Compared to what? (I'm in the US, so maybe my standards are too low...)
- FabHK 7y agoNeglected compared to the past. Many bridges and roads are in bad repair. These are all very long term assets, and with rates as they are it seems a good time to repair them now. (Unemployment is relatively low in Germany, but high elsewhere in the EU.)