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> There can be situations where debt is a good idea, and there can be situations where debt is a bad idea. Your examples seem to be saying a “good debt” situat
by uticus 2y ago
> There can be situations where debt is a good idea, and there can be situations where debt is a bad idea.
Your examples seem to be saying a “good debt” situation would involve the government being wise in playing the market.
It’s arguable if the government should be playing the markets to any extent at all.
To my knowledge the purpose of (American) government involves the wise use of collecting and spending. It seems to always get in trouble when going after the carrot of investing.
- eigenspace 2y agoI'm using the word "invest" in a pretty broad sense. I would consider, e.g. fixing the USA's disastrously undermaintained waterways, bridges, railroads, electrical grids, schools, etc. to be "investments" (and probably wiser investments than whatever it invested in instead)