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Given cheap interest rates, constant inflation, increased regulation and cost to produce, it makes sense to borrow from the future to build now.
by eanzenberg 7y ago
Given cheap interest rates, constant inflation, increased regulation and cost to produce, it makes sense to borrow from the future to build now.
- sailfast 7y agoI would prefer to stay somewhat solvent so that we can use actual money to stave off the inevitable crisis in the 2-20 years. We know these are coming, we know we need reserves of capital to fight them. Going into debt now (except maybe in initial expenditure that will realize gains in efficiency in the out-years) is folly.
- nradov 7y agoYes except very little of the deficit is being used for investments that will increase future economic growth. Most of the money is just being spent on current year consumption.