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National 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
by dangus 1y ago
National 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.