tag:blogger.com,1999:blog-27993761.post7552209757825488906..comments2023-07-27T07:43:17.253-07:00Comments on Waldenswimmer: The breathtaking elegance of national debt financingWaldenswimmerhttp://www.blogger.com/profile/09383447119958726339noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27993761.post-27893759851367141662011-02-14T14:23:41.903-08:002011-02-14T14:23:41.903-08:00So if I borrow a million dollars at 5% interest, a...So if I borrow a million dollars at 5% interest, and then loan it to myself at 6% interest, I can easily pay the 5% with the 6% interest income. To pay the 6% interest, I now loan the million to myself again at 7%. And then... Wow, genius-ish! Recursive lending! Or does this violate some kind of thermodynamic law of money? Is trillion the new billion?Machipongo Johnnoreply@blogger.com