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Well, we either have to raise taxes or keep increasing the debt, paying even more interest. That doesn’t sound like an efficient use of capital.
by melling 4y ago
Well, we either have to raise taxes or keep increasing the debt, paying even more interest. That doesn’t sound like an efficient use of capital.
- feoren 4y ago> That doesn’t sound like an efficient use of capital. It is literally 100% efficient. There is no source of inefficiency. The reason is because that's not where the "use" is. Look for inefficient actual "uses" of government money (there's a lot), and argue against those. Interest is not waste; the capital doesn't go away. It just changes hands.