Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What is the problem? If you receive a windfall sum and want to reduce your debt, do so. It is likely to make you less liquidity constrained in the future, which should not harm your consumption. It would reduce household debt, which is fine. And a reviving economy is good for everyone.

Anyway, some people will benefit more from any policy. That's OK. The alternative being too awful to contemplate, I can live with some people (and they would not be among the wealthy at the start) doing somewhat better than others.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Sun Nov 17th, 2013 at 12:52:24 PM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4


Occasional Series