You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Larks comments on Open thread, July 23-29, 2013 - Less Wrong Discussion

9 Post author: David_Gerard 22 July 2013 10:34AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (197)

You are viewing a single comment's thread. Show more comments above.

Comment author: Larks 29 July 2013 01:13:15PM 4 points [-]

Steven Landsberg often writes about this very topic

Summary: Either the debt is paid for by taxes in the future or now; because we can save money, it doesn't make any difference. The problem is the level of spending (which affects how much must be paid) not the debt (which merely affects when it must be paid).