- Centurion Member
- Posts: 1099
- Joined: Sun May 04, 2014 4:41 pm
- Location: Atlanta, GA
djrez4 wrote:Outside of his unsophisticated understanding of economics, Member is right. You're on the right track.
I was about to say the same thing myself. There's a big difference between the government and a household there that I won't get into detail here but I'll say that it's one of the biggest reasons why there hasn't been some hyperinflationary crash contrary to what some people have tried to fearmonger about or why the US hasn't had to deal with many of the issues that Europe has faced.
Even on the debt clock, one can see that the amount of assets the U.S. has basically dwarfs the public debt anyway which has been there in some way since this country's foundation. If there is any major that has to do with debt, I think private debt is a way bigger issue to deal with and I also think not being on a gold standard for several decades has also contributed to how the U.S. is able to do all this deficit spending in the first place.
Anyway, I think the OP is spot on with his plan and I didn't wanna have to go off topic there but just wanted to get that out of my system anyway.
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