So, you need to begin a plumbing business. If the debt is mainly owed to different residents of the same nation, then by inflation and the shifting of the burden of servicing that debt into the long run, it can be made manageable now. However the real downside, Solow reckons, is that rising debt soaks up financial savings that may go into helpful private investment. Savers own Treasury bonds because they are seen as secure, default-free belongings, and the government can borrow at lower charges than corporations can. If there were much less debt, and fewer bonds on the market, savers looking for greater returns would put money into company bonds or shares instead. Business investment would develop and be more profitable.â€ This is not an issue proper now as too much austerity is the issue, but it may develop into one additional down the highway.
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