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0
votes
Krugman article - Government debt helps avoid a destructive scramble for cash?
Bonds function as extremely low-risk assets.
They can therefore function as investments with a positive rate of return while cash has 0 rate of return. This means in general, banks would prefer to hol …
10
votes
Is it possible to eliminate the U.S. national debt?
Yes, I imagine there's reason to contest that claim. Consider the GDP to debt ratio. While it has risen over time and with the recent recession, it was not too far away from Germany which is considere …