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just because we can doesn't mean we should? Type "At what level does debt-to-GDP ratio hinder a nation?" into ChatGPT I'm not talking about collapse, I'm talk
by MuffinFlavored 4y ago
just because we can doesn't mean we should?
Type "At what level does debt-to-GDP ratio hinder a nation?" into ChatGPT
I'm not talking about collapse, I'm talking about hinderance going forward
Raising debt, gotta service it, gotta raise taxes to pay for it or cut costs, no?
https://www.pewresearch.org/fact-tank/2019/07/24/facts-about-the-national-debt/ https://www.pewresearch.org/fact-tank/2019/07/24/facts-about...
- danaris 4y agoChatGPT would only have a cogent answer to that if there were a well-accepted cogent answer in the extant literature. To the best of my understanding, any answers to that question in extant literature are either going to be highly theoretical, or about situations that are not sufficiently similar to that of the modern US to be helpful.
- DonHopkins 4y agoPlease stop using ChatGPT to write your comments. Nobody here is here to have a conversation with ChatGPT, and anyone who wants to talk with ChatGPT instead of actual human beings can do that privately without polluting the conversations of real human beings.
- chii 4y agoThe level at which GDP growth is higher than interest payments. The more important aspect is not that there's debt, but how it is spent and what is being spent on. If the spending is poor (aka, the spending is malinvestment), it doesn't matter that the current or projected future servicing is OK. Using a metric like debt to GDP does not tell the whole story.
- D13Fd 4y ago> Type "At what level does debt-to-GDP ratio hinder a nation?" into ChatGPT Wow, is this what we’ve come to? This is a valid thought process now? I have no strong views on your point. But I really don’t think it’s safe to trust the very-convincing and very-possibly-incorrect responses generated by ChatGPT to inform your views (on anything).