Imagine: Every American is required to purchase life insurance, with the beneficiary being the United States treasury, paying off his or her percentage of the public debt.
You're mistaking public debt for private debt. Interest rates are based on rate of default in the private debt market. As a candidate for POTUS, I look forward to educating the public on how banking and lending works.https://twitter.com/ebertrand/status/1105533408464306176 …
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Rampantly rising private (household) debt is a much more worrying subject of debate than public debt and yes I agree these things are complex. Would be good if you could explain why going bankrupt is not great for the economy.
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i’m no fan of bankruptcy, but i support allowing it for student loans, if only because it will help pop that insane bubble of higher education costs..
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Nice man you’re doing it!!!!!
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