CORPORATIONS raise money by issuing both debt and equity, the latter giving investors an implicit share in future profits. Governments should do something like this, too, and not just rely on debt.
Borrowing a concept from corporate finance, governments could sell a new type of security that commits them to paying shares in national “profit,” as measured by gross domestic product…
Join the conversation about this story »
See Also:
- New Flight Security Rules Now Official: No Standing Up, Working, Or Holding Things During Last Hour Of Flights
- Government Screwing Savers, Retirees To Keep Secret Wall Street Bailout Going
- Teflon Buffett Has Fired 21,000 People This Year