Like, it’s while you were watering the lawn of that house that the property value went up that much. So in a sense you reduced that debt.
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Both or those are assets though. So they can effectively cancel out. Government debt and the stock market, are assets of different parties.
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The accurate comparison to his statement is I have a $1M mortgage, but the value of the neighborhood went up 50%, so it's mostly a wash.
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But in reality, the value government gains from that value increase is marginal, represented by the capital gains on liquidated values.
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So the gains in the stock market equal like 28% ($1.5T) that could be used to modify the debt load when considering it's + economic impact.
End of conversation
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