Conservatives are quick to agree we need to turn capital into wealth in order to reduce the ratio of debt-to-GDP, but insist on measures that will make the problem worse.
Working coefficiently, there are two possibilities for reducing debt-to-GDP. We can increase GDP or lower debt.
The only problem with lowering debt is that it does not increase GDP, it lowers it.
We maximize the pursuit (the risk) of life, liberty, and happiness not by reducing debt, but by increasing GDP.
We solve our problem not by avoiding risk like Wall Street quants and MBA's do with risk-avoidance and economy-of-scale modeling, but by embracing it.
Increasing GDP over debt is a coefficiency that works. Everyone benefits unless, of course, demonstrating power requires its deprivation.
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