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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (2854)	1/4/2001 12:37:23 PM
From: hobo	of 3536

"A national debt is a national blessing." Provided that the "national blessing" is composed of "productive assets". if however, the debt is formed by a majority of social programs, then it will come a time that that the "producers" (i.e. private industry and individuals), will be demanded to continue to pay for the service of such debt. Which then brings us to ask: who is the best resource allocator, the gov. or private industry. and... what is the "proper" level of debt (or mix between producing items and social welfare items), in this economy ? --i do not know the answer. my point: are we willing to trust politicians with large levels of debt ? seems like they would say, if it is there to spend... then ... we will spend it

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