4 ms·

When we're 23 trillion in debt, maybe the government should be reducing funding for low chance of return research too..

• Ericson2314 7y ago
  Government debt in that state's own currency is not like household debt. Frankly, we shouldn't use the word "debt" for the former.
  • wuliwong 7y ago
    What word do you think should be used instead?
    • basementcat 7y ago
      Perhaps "Market Cap". A country that controls a currency that is used by many people outside its own borders is analogous to a cryptocurrency with a "proof of stake" consensus algorithm in which holders of sovereign bonds are rewarded with "interest". The central bank may periodically make policy pronouncements which may be analogous to various soft and hard forks (change of interest rate -> change of mining reward) which may impact the valuation relative to other currencies. Certain countries/currencies have a very long track record of not having very many "zero day vulnerabilities" and are therefore highly trusted and a first choice whenever there is a "flight to safety" (when panic strikes and there is demand for "safe" investments).
    • Ericson2314 7y ago
      oh, I didn't have one mind! I guess I'm solicitation alternatives :)