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Garett Jones on Democracy (More or Less)
Conversations with Tyler
Do You Think We Should Have Budget Balance Now?
Do you think, ideally we should have budget balance now? A, yes. This is the kind of time you should be doing it, right? How useful is ito have this liquid, safe asset known as treasury securities which perform many functions collateral? For instance, don't you want a deficit of some % of g d p if you're the united states? Well, we have a huge stock off these treasury assets out there. So that that stock would still be there if we were running budget balance right now. Germany's close to budget balance by summetrics. Shouldn't they be borrowing more? A, they can borrow at very low rates, sometimes negative nominaly That
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