>> Why it matters: The increase brings numerous countries, including the U.S., to extreme debt levels, well beyond what economists have called untenable in the

>> Why it matters: The increase brings numerous countries, including the U.S., to extreme debt levels, well beyond what economists have called untenable in the past. That’s not an answer to the question posed. So why exactly does it matter? >> Why the debt matters: While worries about significantly pushing up inflation and borrowing costs have not come to pass Ok, so it doesn’t matter? People with one particular story to tell about macro economics were wrong AGAIN. Shock horror. >> slow growth and diminishing returns have, and the world's already high debt levels look to be inhibiting economic growth and threaten to hold back a full recovery from the pandemic in the long run. Correlation/causation? This is a poor article. All huffed and puffed up language without substance.