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> The best thing about it is that the Fed holds most of that debt so they kind of monetized it with no major repercussions. You mean beside a lost 30 years, on
by onlyrealcuzzo 3y ago
> The best thing about it is that the Fed holds most of that debt so they kind of monetized it with no major repercussions.
You mean beside a lost 30 years, one of the lowest rates of family formation, and a high rate of suicide among young people?
Sure.
- 40acres 3y agoWhat does that have to do with the debt?
- EA-3167 3y agoThey're talking about the US Fed, aka the US debt, and now you're talking about Japan. Anyway lets be real, the reason why sudden think pieces on the debt are coming out is that it's going to be election season soon, and a Democrat is the incumbent.
- onlyrealcuzzo 3y agoOP was talking about Japan having 220% public debt to GDP - which is what I was responding to.
- BitwiseFool 3y agoRed Team and Blue Team both pearl clutch about the national debt when it is politically expedient for them to do so. Remember all the hullabaloo about the national debt clock back when it needed an extra digit around 2008?
- threeseed 3y ago> one of the lowest rates of family formation, and a high rate of suicide among young people Which is comparable with South Korea. And looks to be tied to poor work-life balance, lack of workplace flexibility, lack of parental leave, high cost of living etc rather that macro-enonomic issues like debt levels.