All questions don’t need to be any longer then 150 words.
1) The discussion on household vs. government debt has run its course. Please direct your efforts towards other topics from this week’s readings.
2) what are the advantages and disadvantages to household debt? (Note: Please omit answers along the lines of ‘debt builds good credit.’) Are these the same advantages and disadvantages as government debt?
Provide an example of a type of household debt that you think is good. Provide an example of government spending and resulting debt that could be considered ‘good.’
4) What is sound finance? What is functional finance?
What are the risks of following sound finance when the economy is in a recession?
What approach is taken by the states?
Which do you favor for the federal government?