alt Hacker News> Still fits within a populist agenda. Not a lot of sympathy for mutual funds and the wealthy holding treasury notes that get inflated away.
Wouldn’t this include average people’s pensions, IRAs, etc, too?
> Still fits within a populist agenda. Not a lot of sympathy for mutual funds and the wealthy holding treasury notes that get inflated away.
Wouldn’t this include average people’s pensions, IRAs, etc, too?
Yeah, national debt is splattered all around the US economy, but that doesn't mean it is uniform, or the payers and recipients are the same in terms of participation, returns, or even time.
Foundationally, national debt is about passing costs into the future, which also creates another huge dichotomy in payers and beneficiaries. Minimal federal spending is on growth, so isn't really about investment as how much value can be extracted from one group to another, largely, but not entirely overlapping group.