The US government has more debt than any country throughout history. Could this be a problem to the economy?
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Not always, not if your buying bombs then blowing them up, or blowing up bridges then paying to rebuild them. Not when your giving the money away to certain groups.
When is debt ever a good thing? Debt is always a liability.
Yeah, debt financing is never good.
Tell that to the bankers or the 30 trillion dollar CDO market. Also, check out the Modern Monetary Thoery (MMT). I'm not qualified to comment on it, but it is very interesting.
Eventually debt will come back to destroy somebody. Right now, the people profiting are just passing the buck.
Not if you get more for it than it costs. Not if you can invent money at will (like we can). I agree some are profiting at other's expense but it doesn't have to be that way. Point is, it does not in any way seem that simple or clear to me.
Yeah a normal person couldn't just keep adding debt, even if they are accumulating assets. Someones taking those assets back.
Sounds like trying to infuse the economy with Monopoly money to me o.O
You've got that right, it seems that socialists continually disregard the lessons of the past! No matter how socialism is packaged, presented or argued, it never has worked and never will work because its a deeply flawed idea!