Re: Government Debt
mally wrote:
How can someone clearly establish whether a nations debt is excessive
other than by comparing it to other nations debt ratio to say GDP.
Individuals borrowing are controlled by the lending institutions who
know his earnings, what he can put up for collateral and how old he
is. What do we need to know about governments certainly in theory they
will last longer than most individuals.
Public debt is always excessive because any public debt is entirely
unnecessary. There are other, better ways to finance government at zero
interest: Tax land values and mineral extraction, spend funds into
circulation at the national level and have the national government make
interest free loans to states and municipalities.
Mark M.
.
Relevant Pages
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(sci.med.diseases.lyme) |
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