The financing of long-term Public Goods has to be one of the best arguments for government debt there is. I'm not against debt[0] so much as I like interesting

The financing of long-term Public Goods has to be one of the best arguments for government debt there is. I'm not against debt[0] so much as I like interesting units and metrics. If you want to compare debt levels of different countries across history getting the local currency to cancel out means no converting 1870 dollars to 2019 dollars, no converting 1920 Yen to 1995 Azerbaijani Manats, etc. The fact that Debt-to-GDP reduces to years, even if it's unclear what that means, lets us make years-to-years comparisons and makes charts like this possible[1]. [0] - Though I think what it's being spent on really matters cough: https://en.wikipedia.org/wiki/United_States_federal_budget https://en.wikipedia.org/wiki/United_States_federal_budget [1] - https://en.wikipedia.org/w/index.php?title=File:Gdp_to_debt_ratio.svg&lang=en https://en.wikipedia.org/w/index.php?title=File:Gdp_to_debt_...