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I am not sure you're going to successfully nationalize all commercial property, but temporarily freezing interest on debt & suspending payments is interesting t
by ip26 7y ago
I am not sure you're going to successfully nationalize all commercial property, but temporarily freezing interest on debt & suspending payments is interesting to ponder. For example, most mortgages are held by the Fed, so they have the ability to do that. Similarly for t-bills. I'm sure a real economist can tell me why it wouldn't work, of course. But in general, rent must be collected because debt must be paid, so if debt were frozen then rents actually could be deferred.
- asdff 7y agoI wonder if the hit from freezing debt is less than the gain from having the vast majority of the working economy get a de facto 2x raise. Lots of people are rent burdened which only hurts an economy driven by consumer spending.