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by Diederich
2203 days ago
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This is all true and on target. Comparing US federal debt to personal debt beyond anything but the most surface level is inappropriate. Another class of entities that have a kind of 'forever debt' are large corporations. In general, they never want to be debt free. As I said elsewhere, it's about the percentages and trends. To be clear: even this comparison has weaknesses. Indeed, US federal debt truly has no direct parallels. |
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