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Lumifer comments on US default as a risk to mitigate - Less Wrong Discussion

2 Post author: bokov 15 October 2013 04:41PM

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Tags: instrumental-rationality risks economics

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Comment author: Lumifer 15 October 2013 08:00:24PM 2 points [-]

There is no real short-term crisis.

Yes.

big risk is that U.S. government spending continues to greatly increase but long term growth rates stay low

Yes, but in that case we'll have huge problems much earlier than in 20-30 years. Japan's situation is pretty unique to Japan and I don't think US will be able to emulate it well.

I don't think a meltdown is inevitable as long as the Feds stop digging at some point. So far they've shown no signs of being able to do that.

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