Comment by aswanson
12 years ago
So has putting it all on black in Vegas, alcohol, and any other number of statistically proven vices. At least investment has some measure of upside. But yeah, I'd like the $n trillion in debt government tell me how to manage my money.
The government that is able to borrow money at an interest rate lower than inflation? Yeah, they probably could tell you (and me) a thing or two about how to manage money.
They should borrow all the money and invest in an index fund. (Only semi-serious.)
That doesn't sound right, but I don't know enough about how sovereign debt works to dispute it.
I suspect that the failure mode would be that it would inhibit the US government's ability to continue to borrow at such rates.
1 reply →