Quote:
Originally posted by True_Moose:
Timber, you may be interested in some of Alexander Hamilton's work as the Secretary of Finance. He argues that keeping a moderate level of debt is good for the country.
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Yes. It does. Just as keeping a moderate level of debt is good for an individual. The notion of a "credit rating" isn't just about credit cards, it's a historical fact based on the way people behave economically, including nations.
But, I wasn't speaking to then, to Hamilton. I was speaking to now. If we get back down to anything near or approaching a "moderate" level of debt, then we may have this discussion -- but for now it's academic.