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> 20 trillion in debt for illegal and stupid wars That's really the elephant in the living room. Perhaps as a society we are poorer because we set fire to tril
by api 5y ago
> 20 trillion in debt for illegal and stupid wars
That's really the elephant in the living room. Perhaps as a society we are poorer because we set fire to trillions in the deserts of Iraq and Afghanistan.
For the HN crowd here's a metric: the average seed round is like $2M these days, so Iraq at roughly $3 trillion would be enough to fund 1.5 million startup companies.
- astrange 5y agoIncreasing the national debt doesn’t decrease private savings, it increases them. The nation is not a household.
- api 5y agoThe problem isn’t the debt. The problem is the waste. All the personnel and capital used on those wars was personnel and capital not being invested productively. It was wealth pulled out of the economy and burned, which makes us all poorer. Money is just accounting. The real economy is physical.
- zozbot234 5y agoSeed rounds are a form of investment, and debt crowds out private investment.