this post was submitted on 09 Apr 2025
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[–] [email protected] 11 points 4 days ago (1 children)

be careful to what you wish for.

If U.S. Treasuries were to experience a significant meltdown, it could lead to a widespread erosion of trust in the bond market. Many countries rely on the issuance of bonds to finance essential infrastructure development—roads, bridges, schools, and hospitals. If borrowing costs rise sharply due to increased risk perceptions (not paying back/defaulting), governments may be forced to scale back or abandon critical projects. This could stifle economic growth, reduce job creation, and ultimately lead to a decline in living standards.

I don't disagree on your reasonable size point but there is a way to get there rather than breaking it.

[–] [email protected] 6 points 4 days ago (1 children)

Sounds like something that could be solved by proper taxation of wealth and profits from capital.

Like at the time when the US and other countries were experiencing their greatest economic boom, best infrastructure for the time and best access to education and economic opportunities.

[–] [email protected] 3 points 4 days ago

We still had treasuries and bonds to help finance that stuff even when we had a more progressive tax structure