News for hackers. Stuff that matters.

A comment on Krugman: Debt Is Good. Parent comment

Re:Krugman: Debt Is Good by rsanders on Saturday August 22, 2015 @09:55PM (#10104475)
How are the people who are not born going to pay the currently existing for their use of infrastructure you suggest we wholly pay for now?
[ Parent | on HN ]
Re:Krugman: Debt Is Good by jakeogh on Sunday August 23, 2015 @02:33PM (#10106317)
What's wrong with living within our means? Can we not build a road without taking from people who can't yet have a say in it?

Most people accept that we don't owe the debts of our ancestors, but for some reason, the most corrupt organizations somehow get a pass. A baby today in the US is born owing north of $40k to banks she has never done business with. If she does not like it, that money will be taken with the threat of force.

[ Parent | on HN ]
Re:Krugman: Debt Is Good by the_why_of_y on Tuesday August 25, 2015 @02:16PM (#10118494)
Not only does the newborn owe $54k share of public debt on average, the baby also owns (directly or indirectly) $54k worth of government bonds on average.
[ Parent | on HN ]
Re:Krugman: Debt Is Good by jacquesm on Tuesday August 25, 2015 @02:24PM (#10118547)
The debt is public, the bonds are held in a non-public fashion so there is a definite asymmetry there.
[ Parent | on HN ]