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On the plus side, US revenue / GDP figures are also pretty large so that’s not too insane of an obligation. One day we’ll get back level, perhaps. Also on the
by sailfast 7y ago
On the plus side, US revenue / GDP figures are also pretty large so that’s not too insane of an obligation. One day we’ll get back level, perhaps.
Also on the plus side: at this point money is construct and it doesn’t much matter how much debt you’re in, provided there is not too much money to be inflationary (not gonna happen in a depression) and there isn’t so little that liquidity dries up and there’s a panic to withdraw what’s there. So... queue the magic money machine for a bit until we can get this sorted.
- mr_toad 7y ago> US revenue / GDP figures are also pretty large They just got a lot smaller, and tax revenues with them.
- asdfasgasdgasdg 7y agoFor a few years. It also costs the US next to nothing to borrow money at the moment. Yields on 10 and 30 year t notes are on the same order as long term inflation targets.
- _delirium 7y agoThe US could probably lock in near-free loans for even longer terms if it wanted to, too. Austria sells 100-year bonds, which are currently yielding a mere 0.5%.
- lonelappde 7y agoAre those numbers pre or post pandemic?
- asdfasgasdgasdg 7y agoPost-pandemic. Current yield on the ten year t-note is 0.65%.