Hacker News Reader

It’s be expected in a period of >0% inflation, most of that debt is going to be valued less in 100 years so it’s best to take it on now before the economy booms again and inflation gets back up to 70s-80s levels.

View on HN

Even the government pays above the (current level of) inflation and it has to refinance a big chunk of its debt in the next 1-3 years. Personally, I highly doubt the government spending is efficient enough for this. As for the average Joe, card debt is really expensive (20+%). You will not get repeat of the 70s with the current debt levels and aging population, so your bet is effectively a hyperinflation scenario.

If you're using that debt on productive or appreciating assets, that's a good perspective.

Is that what individuals and governments are spending the money on?

Reply on news.ycombinator.com