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Debt is actually what cements the dollar as the world currency. It's not only not bad, it's a huge positive driver of the US economy. T-Bills are a bedrock of
by cogman10 2y ago
Debt is actually what cements the dollar as the world currency. It's not only not bad, it's a huge positive driver of the US economy. T-Bills are a bedrock of most portfolios. Eliminating them over some bad analogies to household budgets is just misunderstanding what debt actually means for a country/government.
Heck, even inflation isn't bad. You need a little bit of it to keep companies and individuals from simply hording assets.