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Agreed. Zero debt really doesn't make sense as a goal, and this British bond repayment illustrates the case that if all goes well, inflation eventually reduces
by tempestn 12y ago
Agreed. Zero debt really doesn't make sense as a goal, and this British bond repayment illustrates the case that if all goes well, inflation eventually reduces a constant debt to irrelevance. (Although it may take a few centuries.) That said, of course debt reduction still certainly has value, as there is obviously such a thing as too much debt.
- jacques_chester 12y agoDebt for capital spending has a different character from debt for recurrent spending.