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There is a pause button, but we have to demand it. If the state stands down on enforcing those debts, they can't be collected. Simple.
by tehjoker 7y ago
There is a pause button, but we have to demand it. If the state stands down on enforcing those debts, they can't be collected. Simple.
- AnimalMuppet 7y agoThat is a very dangerous door to open. First, at the other end of those debts are things like peoples' pension plans. People aren't going to like their pension plan's income being put on pause. Second, making (aspects of) contracts unenforceable can be very destructive if it goes too far. A huge amount of society relies on contracts in order to be able to operate; if you destroy that, you can damage society in fairly fundamental ways.
- phkahler 7y agoI think a key to a strong and secure economy is to reduce and discourage debt of all kinds. Instead lowering interest rates is used to encourage spending. Debt has its place, but it always comes due.