Hacker News Reader

The rate should be a factor of GDP growth - something like when GDP is growing 3%+, they can have 0 deficit, and shrinking, up to 5%.

Or just some way to save in the good times, and spend in the bad times.

View on HN

But imagine motivations this could introduce: you can spend more money if you stall the economy !

That doesn't make sense. If the economy is humming, then revenues are higher and you can spend more money that way. Nobody in their right mind would borrow when you could get as much or more interest-free via tax revenue.

Maybe -- but getting the economy to grow to generate that revenue is a much harder problem than stalling it and then being allowed to borrow it.

Reply on news.ycombinator.com