Monday, April 1, 2024

Why not to freak out about government debt

Great explanation from a redittor on why sovereign debt is different from household debt - and why not to freak out about the $52,000 per capita debt that the US holds right now. The way a fiat currency is structured, debt is an essential part of the process for creating money. Which is not saying the government should go off and spend money like there is no tomorrow (like certain wars that really were discretionary), but the point essentially is that elimination of debt is not the central goal for the government - a healthy economy that is growing, will necessarily have increasing debt as it grows. The goal of government is to invest in projects that will grow the economy long term.

How research philosophies collide.

 The unseen battle that was taking place among dueling philosophies amongst practitioners of public health and evidence based medicine during the pandemic.