[HN Gopher] Government debt needs to be repaid, and other myths ...
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       Government debt needs to be repaid, and other myths about the
       federal deficit
        
       Author : MBCook
       Score  : 12 points
       Date   : 2023-09-10 21:33 UTC (1 hours ago)
        
 (HTM) web link (www.barrons.com)
 (TXT) w3m dump (www.barrons.com)
        
       | boeingUH60 wrote:
       | > _Guest commentaries like this one are written by authors
       | outside the Barron's and MarketWatch newsroom. They reflect the
       | perspective and opinions of the authors._
       | 
       | Oh look, a modern monetary theory (MMT) adherent who feels smart
       | "debunking" common sense.
       | 
       | If government debt doesn't need to be repaid, just declare it a
       | ponzi scheme and call it a day.
        
         | dang wrote:
         | Please don't fulminate or post shallow-indignant comments to
         | HN. We're looking for posts that teach us something, not
         | denunciations.
         | 
         | If you want to make your point more thoughtfully and
         | substantively, that would of course be fine, but please share
         | interesting information rather than resorting to internet
         | putdowns.
         | 
         | https://news.ycombinator.com/newsguidelines.html
        
           | boeingUH60 wrote:
           | Oops, I'm sorry :(
        
       | a-user-you-like wrote:
       | I don't see why anyone would trust future payments in the dollar.
       | It's not backed by anything but trust. Sure, you'll get your
       | social security at $5k/month in 30 years, but the money will be
       | worth toilet paper. Sure, your army pension will be there, the
       | raw $$ amount, also worthless.
        
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       (page generated 2023-09-10 23:02 UTC)