Read the article and answer the following qustions below: https://www.aclu.org/s

Question

Read the article and answer the following qustions below:

https://www.aclu.org/sites/default/files/field_document/022118-debtreport.pdf

1. As an economist, discuss the trade- offs of debt? (Pros and cons)

2. How is the court system used to deal with debtors and how does this impact jails and incarceration rates?

3. Weigh the cost of incarceration for debt to society. Discuss in a detailed paragraph or two.

4. State some of the reforms, stated in this paper, you think would be most beneficial for society.

5. What policy or reform might you recommend?

6. As an economist, discuss the market for debt. Should society allow for more debt or less? How should debt best be regulated? (Or should it be regulated?)

Explanation / Answer

1.

For

* Sometime country didn't have enough resources to undertake investment . Debt helps country to generate infrastructure which is vital for economic growth.

* Debt allows country to generate employment in country by starting industries.

* Debt can help country to reduce the burden of recession by distributing money to it's citizen in form of transfer payment, unemployment insurance.

Against

* Debt affects the inter-genrational equity. Needs of future generations will be compromised.

* Excess of burden reduce the credibility of government on it's payment.

* Excess burden decreases the credit ratings of country thus affecting foreign investment coming to country.

* Increased? role of foreign country in day to day affairs of country.

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