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Those organizations aren’t the same thing. It’s not in debt to itself. I’m not sure what this means. You could make up new money, perhaps, but it’s tough when y
by sailfast 7y ago
Those organizations aren’t the same thing. It’s not in debt to itself. I’m not sure what this means. You could make up new money, perhaps, but it’s tough when you’re still running $1T in the red each year, knowing you need to do it again. This seems like a gross oversimplification of an extremely complex problem (whose complexity you mention) whose answer instead should maybe be “maybe $1T is too much money to be in debt - how about $200M and we plan to be neutral in 10 years (or something rational) so we use serious debt for real catastrophes instead of made-up ones?