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View Diary: The World sees our National Debt differently than Austerity Hawks do (23 comments)

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  •  knowing how to (3+ / 0-)

    leverage debt,

    is one of the traditional keys to "success."


    that's why people endure the debt of College,

    for example, for even greater future earnings over a lifetime.


    Here's how the game is really Rigged.

    by jamess on Sun Feb 03, 2013 at 12:52:04 PM PST

    [ Parent ]

    •  That's not what we're doing now (0+ / 0-)

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sun Feb 03, 2013 at 03:31:29 PM PST

      [ Parent ]

      •  that's what (0+ / 0-)

        Ezra is advocating for -- watch the video.

        that is what I'm advocating for.


        PS. I don't work at the Fed, nor the Treasury.

        I'm a blogger, on a leading progressive blog,
        that is all.  A man with his progressive opinions.


        Here's how the game is really Rigged.

        by jamess on Sun Feb 03, 2013 at 04:08:09 PM PST

        [ Parent ]

        •  Because issuing debt instruments is not necessary (2+ / 0-)
          Recommended by:
          jamess, Nada Lemming

          for a monetary sovereign of a fiat currency with a floating exchange rate, just what "borrowing" means for such, is really the issue.

          And why people keep piling into treasuries.

          Tsys are a safe savings vehicle.

          Borrowing for the US is not like borrowing for a household.

          It's just a place people are choosing to put their excess dollars.

          The US could spend without issuing debt instruments.

          And the super low interest rate on bonds is counteracted by a small interest rate now being paid on reserves -- .25%

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