3 ms·
Isn’t this straightforward - one organization is a profit generating machine and the other is in a debt spiral that doesn’t make sense in a multi polar world.
by SilverElfin 1y ago
Isn’t this straightforward - one organization is a profit generating machine and the other is in a debt spiral that doesn’t make sense in a multi polar world.
- dangus 1y agoNational debt doesn’t work like corporate or personal debt. The article actually offers up some much less immediately obvious reasons if you are interested in reading it. For example, many of the most popular passive index funds just automatically buy corporate bonds even if government bonds are a better value.
- gruez 1y ago>For example, many of the most popular passive index funds just automatically buy corporate bonds even if government bonds are a better value. Wouldn't any difference be arbitraged away by hedge funds?
- dangus 1y agoI don’t know. Just stating an example of content from the article. Not an endorsement or validation of the theory. And I’m just pointing out “the government spends too much and has debt” has always been a simplistic and uninformed take.
- bigbadfeline 1y ago> one organization is a profit generating machine and the other is in a debt spiral You mean, MS is fat, while the government is skinny and feeble? Reminds me of Oscar Wilde who once had the following exchange with a rather overweight businessman at a party: Big Biz: "Mr. Wilde, you are such a skinny fellow. Looking at you, one would think there was a famine in England." Oscar Wilde: "And looking at you, one would think that you were the cause of it." I mean, between MS and the gov, we need to be clear about who's the owner and who's dog and who's feeding whom? And why is there a chewed up hand in this story? Important questions.