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Debt to build new transit infrastructure, research and development labs etc is a great way a country can use debt to benefit it's current and future citizens. A
by binarytrees 12y ago
Debt to build new transit infrastructure, research and development labs etc is a great way a country can use debt to benefit it's current and future citizens. A person could take a loan out for a car and that may create a small fraction of jobs. Where as if a government can take on debt to create DARPANET or invest in clean energy the outcome is many times more profitable to the government and future business derived from that.
- toasted 12y agoUnless the investments bomb and no value is created eg. the clean energy investments of the last 10 years