Casual chatting thread

[Garett]

If every country in the world instantly and successfully paid off all its national debt, the result would be a catastrophic, instantaneous deflationary shock to the global economy. It would be a financial nightmare because debt for one entity is an asset for another. Debts is not a Bug, it is a Feature.

 

[Manko-sensei]

If every country in the world instantly and successfully paid off all its national debt, the result would be a catastrophic, instantaneous deflationary shock to the global economy. It would be a financial nightmare because debt for one entity is an asset for another. Debts is not a Bug, it is a Feature.

Shitposting thread is next door.

 

[TheSeer]

hell yeah I would!! ૮ oᆺo ა

This answer wasn't in my expectations

 

[Itsukimoto]

If every country in the world instantly and successfully paid off all its national debt, the result would be a catastrophic, instantaneous deflationary shock to the global economy. It would be a financial nightmare because debt for one entity is an asset for another. Debts is not a Bug, it is a Feature.

Then you should use that feature and stock up debts

 

[Basic_human]

If every country in the world instantly and successfully paid off all its national debt, the result would be a catastrophic, instantaneous deflationary shock to the global economy. It would be a financial nightmare because debt for one entity is an asset for another. Debts is not a Bug, it is a Feature.

someone learning economics today

thats true, debt give entity leverage without needed to adding more capital. You dont need to work extra hard because you can take loan.