[ExI] I Miss The King of Extropia

[John Clark]

On Thu, Jul 21, 2016 at 3:43 PM, William Flynn Wallace <foozler83 at gmail.com>
wrote:

​> ​
>> Without debt Silicon Valley wouldn't exist, even renaissance Italy
>> wouldn't have existed without its banks.
>
>
> ​> ​
> OK - but when a company gets very large, say like  GE, they can finance
> their own R and D without having to issue stocks
>

​GE stockholders are the people who own GE. Who would you rather own the
company than the stockholders?


​> ​
> or bonds.  True?
>

​It doesn't matter what I think, all I know is that the capitalists at GE
issued 39 billion dollars of debt just last September.​



>
> ​> ​
> In cases like this I see no advantage to debt.
>

​A dollar today is worth more than a dollar tomorrow and you can borrow a
dollar today at a lower interest rate than at any other time in the history
of the USA, so I can sure think of a advantage to debt.  ​


​ John K Clark​



>
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