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by yuhong 3146 days ago
The point is that the debt can increase forever since we got off gold.
1 comments
retailbuyout 3146 days ago
This isn’t necessarily hard or bad, though. If I take $100 and loan it to my neigbor, the debt appears from nowhere. Heck, theoretically, he could loan it right back under different terms and create more debt. Debt isn’t necessarily bad—the fear is you’re builidng on jenga blocks, not that some guy is going to show up with a wrench.
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yuhong 3146 days ago
In this case we are talking about government debt though. Congress does have some control over it with "appropriations" I think.
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