It it like using LOC towards judging the complexity of a code base : "God 100K ! your code must be filled with so much boiler plate !" - During the Second Wor

It it like using LOC towards judging the complexity of a code base : "God 100K ! your code must be filled with so much boiler plate !" - During the Second World War Britain / US went deep in the red to fund their survival, I wonder if anyone though "We cannot afford to go into debt to defeat the Nazis !". - Debt and deficit by itself is neutral - being a creditor is not inherently a good thing just like being a debtor is not inherently a bad thing. - If you look at the list of countries that have the lowest debt / Gdp ratios you will find its mostly low income, low productively countries, the question is not "damn how do they not need credit !" but "why are creditors not willing provide credit to these countries". - A country with high deficit is also a country with either high FDI or high rate of internal investment, its just doesn't sell as good a headline to say that though. - For China is makes sense since they are quickly ageing, so the current cohort of working age people will have high savings to draw down from at old age, same for the US / Japan / EU. - The big question is what does the saving and investment get you ? Is it to fund foreign wars like Vietnam during Nixon, real estate speculation, education for the next generation ? - The world is awash with credit and savings due to rise in income across all of humanity, driving down interest rate, its a good time to be a debtor and a awful time to a creditor (only generally, if you are a creditor/debtor in the payday loan sector then the inverse applies ).