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> debt is bad You're just repeating your assumption. You have not shown that government debt and private debt are even the same thing at all. What if they're
by SideburnsOfDoom 3y ago
> debt is bad
You're just repeating your assumption. You have not shown that government debt and private debt are even the same thing at all. What if they're opposites? (hint: who is government debt owed too?). One more time, Graeber is good on this topic. https://positivemoney.org/2015/10/breaking-taboos-david-graebers-thoughts-on-the-next-crash/ https://positivemoney.org/2015/10/breaking-taboos-david-grae...
"saying "debt is bad, whoever's debt it is" is a bit like saying "that umpire's batting average is terrible, get them off the field". It's a fundamentally different game for them, argument that rests on the assumption that it works the same will go wrong rapidly.
- slashdev 3y agoI give up with you. If you want to argue that more debt is somehow not worse than less debt, that's like trying to argue that water is not wet.
- SideburnsOfDoom 3y ago> that's like trying to argue that water is not wet. Your fallacy is assuming that both glasses contain water. Again you're just restating your assumptions as truth. I refer you to my original parent comment; "Government debt and household debt don't work the same way." and "You have not shown that government debt and private debt are even the same thing at all" What I am saying, and all that I am saying, is that they aren't the same thing, at all. Saying "this is larger than that" is neither here nor there when they aren't comparable. Saying "larger government debt must be bad because more household debt is bad" is not a valid argument. It might be good or bad, but not for those reasons. Argument that rests on the assumption that it works the same will go wrong rapidly.