News for hackers. Stuff that matters.
Re:Economic costs of war by mulmen on Monday August 16, 2021 @07:37PM (#28204241)
You mean the more we don’t pay back? Carrying debt generally increases credit rating.
Re:Economic costs of war by Retric on Monday August 16, 2021 @07:41PM (#28204284)
Only up to a point, try borrowing say 50 million dollars while making 50k. Before lending money people look at your existing debt load to determine if your likely to pay it back. The same thing happens to countries, though more smoothly as they first require higher interest rates.
Re:Economic costs of war by risk000 on Monday August 16, 2021 @09:50PM (#28205204)
Governments are not households. Using this metaphor only causes more misunderstandings.
Re:Economic costs of war by Retric on Tuesday August 17, 2021 @06:26AM (#28208257)
Except Greece for example recently hit it’s borrowing limit with spiraling interest rates. If it could have borrowed unlimited money at zero interest nothing bad would have happened, it could have paid debts with new loans.