Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #90210 is a reply to message #88755] Wed, 01 May 2019 11:04 Go to previous messageGo to previous message
Kingfish is currently offline  Kingfish
Messages: 555
Registered: November 2012
Illuminati (1st Degree)
I have always believed that the national debt is simply a tool which the rest of the world scores our credit worthiness from. In other words, if I had a private debt that was just as bad as the national debt in terms of the incoming/outgoing ratio, I would never get a loan. It also has little bearing on my overall financial health.

Thank you for posting that link. It confirmed a lot of my beliefs.
 
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