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Fear tactics on HN suprise me as well. Neither you or I know what would have happened if we didn't create massive amounts of debt. But to solve a problem tha
by va_coder 17y ago
Fear tactics on HN suprise me as well.
Neither you or I know what would have happened if we didn't create massive amounts of debt. But to solve a problem that was largely caused by massive amounts of debt by creating more massive amounts sounds unwise to me.
- kgrin 17y agoNot to over-nitpick, but there's surely a difference between private and government debt. Not that public debt is a good thing by any means, but the trend of treating of the government as a "family" that needs to "live within its means" strikes me as pretty silly. (Just to be clear, I'm not accusing you of making that argument, but the conflation of private and public debt is along those same lines).