Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Debt Is Good
NYT ^ | 8-21-15 | Paul Krugman

Posted on 08/21/2015 2:08:03 PM PDT by dynachrome

Edited on 08/22/2015 2:18:47 AM PDT by Admin Moderator. [history]

Rand Paul said something funny the other day. No, really — although of course it wasn’t intentional. On his Twitter account he decried the irresponsibility of American fiscal policy, declaring, “The last time the United States was debt free was 1835.”

Wags quickly noted that the U.S. economy has, on the whole, done pretty well these past 180 years, suggesting that having the government owe the private sector money might not be all that bad a thing. The British government, by the way, has been in debt for more than three centuries, an era spanning the Industrial Revolution, victory over Napoleon, and more.


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: buymorenow; debtisgood; krugman
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 last
To: Talisker

Glad to be of help.


41 posted on 08/23/2015 8:23:56 PM PDT by Pelham (Without deportation you have defacto amnesty)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Jonty30

Well said. And most people would be surprised to find that this is what Keynes believed. The people who claim to be his followers are a different matter entirely.


42 posted on 08/23/2015 8:27:20 PM PDT by Pelham (Without deportation you have defacto amnesty)
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson