RE: Why cuts everywhere, regardless of budget, is lunacy
January 16, 2013 at 11:11 am
(This post was last modified: January 16, 2013 at 11:16 am by The Grand Nudger.)
To present a side of the coin not given any due thusfar - investing at current rates and then deferring payment on that investment into the future is a great way to garner a discount or turn a profit with even a small measure of inflation accounted for. Many of us have ourselves benefited from this minor thrift (though not on the scale that our Gov is capable of achieving) when we deferred our student loans by continuing with the minimum amount of credit hours required after completing our degrees (or while we hold in stasis pondering over what direction we want our educational futures to take).
IOW, the tens of thousands of $ you incur as debt today in a low interest deferred loan will likely be "worth" a whole lot less in ten years, while your earning power will be substantially higher. The longer you can defer the loan the less you pay (relative to the current value of the currency) and the more profit the investment returns. The same principle holds true for research. If you can pay today's rate for said research at a point in the near-mid inflationary future with an expectation of return on that research it hardly makes sense to withhold the funds (or credit). Now, most organizations offering loans attempt to account for this inflation - and most people (including our government) seek sweetheart deals to circumvent this modification.
IOW, the tens of thousands of $ you incur as debt today in a low interest deferred loan will likely be "worth" a whole lot less in ten years, while your earning power will be substantially higher. The longer you can defer the loan the less you pay (relative to the current value of the currency) and the more profit the investment returns. The same principle holds true for research. If you can pay today's rate for said research at a point in the near-mid inflationary future with an expectation of return on that research it hardly makes sense to withhold the funds (or credit). Now, most organizations offering loans attempt to account for this inflation - and most people (including our government) seek sweetheart deals to circumvent this modification.
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