News for hackers. Stuff that matters.

A comment on The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy. Parent comment

Re:The Pension Hole for U.S. Cities and States Is the Size o... by pathseeker on Monday July 30, 2018 @05:43PM (#17648360)
Quantitative easing was not for banks. Also, the bailouts to which you refer were not free money, they were loans with low interest rates that have been paid back.

The pensions don't have enough money so easy access to debt does nothing to help them solve that problem.

[ Parent | on HN ]
Re:The Pension Hole for U.S. Cities and States Is the Size o... by omegaworks on Monday July 30, 2018 @07:33PM (#17649207)
>the bailouts to which you refer were not free money, they were loans with low interest rates that have been paid back.

Any loan at an interest rate lower than the rate of return that can be earned by investing that money is essentially free money.

[ Parent | on HN ]