Are there any negative consequences for a country having no debt?

[3am scholar]

Alexander Hamilton believed (and convinced George Washington) that a little national debt (not the massive amount we have now) is a good thing. By being in a little debt, the countries that we owe money to would defend us in war because they don't want to lose their investment. Also, as long as we pay back the debt, with interest, other countries are more willing to be friendly with us because we are a good economic investment. If we were to have no debt, other countries would have no vested interest in us, and we would not have the same influence we did on other countries.

Thoughts?

 

[Chopper]

What if we were their debtors?

Debt is good if the growth recognized from the financing is greater than the interest paid.

 

[gwap]

trying to compare the modern economy to economic theories proposed when the states were just colonies is beyond idiotic

OP you need to stay off them tea party websites

 

[sharpshooter718]

Yeah, the NWO comes for you

 

[sharpshooter718]

Iraq
El salvador
Libya
Cuba2
Venuezuela

Iran


Looks familiar???