Re:A Black Hole Engulfing the World's Bond Markets
by 0xffff2 on Sunday July 28, 2019 @07:58PM
(#20550513)
I'm not any kind of economist, but to me this seems like asking whether the sky really ought to be blue. Reducing the impact of debt (and by extension interest rates) on the economy is every bit as simple as undertaking a massive transforming project to change the color of the sky.
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Re:A Black Hole Engulfing the World's Bond Markets
by skybrian on Sunday July 28, 2019 @08:32PM
(#20550622)
Yes, anything that requires government action is very hard in practice. But rhetorically, we discount that when talking about whether some government action would be a good idea or not.
Re:A Black Hole Engulfing the World's Bond Markets
by 0xffff2 on Sunday July 28, 2019 @11:58PM
(#20551412)
Who's "we"? I think it's completely reasonable to consider how practical something of this magnitude is. You're not passing a single law; you're talking about fundamentally changing the entire nature of the (US? world?) economy in ways that I find difficult to even comprehend. I'm not even sure any amount of government action would be sufficient to bring it about.
Re:A Black Hole Engulfing the World's Bond Markets
by skybrian on Monday July 29, 2019 @12:27AM
(#20551508)
Sorry, I must have given the wrong impression. To be clearer, I was hinting at either more government spending, universal basic income, or "helicopter money," as alternatives to attempting to stimulate the economy by encouraging more loans. These have precedents and it's not particularly difficult for a government to be efficient at giving people money.