Recent content by Oneiromancer

How does sucking the air out of credit markets crowd the private market? As for taxes: how can debt be made by taxing income? It seems to me that it can at most delay their payment, but isn't monetizing debt a way of getting around increasing taxes (since taxes aren't popular, and monetizing...

Hm, if there's only discount on debt for houses, I still don't understand how exactly public debt could translate into personal debt. Is there any way to pinpoint where exactly this transference happens, through what mechanism? Or, are personal and public debt not causally related and do they...

Why do people keep saying that on fora meant for sharing information? Obviously, before I try using a forum I try using Google. I did dozens of searches. Taxes… I talked about this with my father. He said debts are deductable from taxes, at least sometimes — "bad debts"? This explains quite a...

So… how does government debt turn into individual debt? Where does this debt come from? How do we get from government debt to individual debt?

Yes, I suspected the figure would be very high. In fact, I expected it would be even higher. If someone cite a source for the exact cipher, I'd appreciate it. I didn't find anything on Google. What does the debt of the government really mean with regards to the debt of the people?

But does the debt of the government doesn't translate into the debt of the individual? If so, that would mean the average person has a debt of 40.000 dollars. What I really meant was, what percentage is individually in debt?

What percentage of the US population is in any form of debt? Also, if you know what this percentage is for other countries, or globally, I'd be interested.