4 ms·

Isn't government debt extremely cheap compared to 20/30 years ago? Should we not look at how much interest we are paying compared to GDP for a better outlook?

• boringg 6y ago
  Yes agreed - debt repayment is more important that total debt. People always confuse this stuff (understandably).
• dnadler 6y ago
  Yes, that's a good point. We should also consider that a lot of the interest rates are negative in real terms.