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> Everyone will agree you can't owe a million times GDP, but no one can describe the "limit". I’ve heard the limit described as “when the nation can only affor
by nomoreplease 5y ago
> Everyone will agree you can't owe a million times GDP, but no one can describe the "limit".
I’ve heard the limit described as “when the nation can only afford the interest payments on the principal” which means the nation can never pay back the principal itself. I heard that 10 years ago