3 ms·

> Since there are lots of USAians here: The USA is running the highest deficits of any developed country (including infamous Japan). See the latest IMF Fiscal M

by generic92034 3y ago

> Since there are lots of USAians here: The USA is running the highest deficits of any developed country (including infamous Japan). See the latest IMF Fiscal Monitor, page 50 (https://www.imf.org/-/media/Files/Publications/fiscal-monito https://www.imf.org/-/media/Files/Publications/fiscal-monito...). Y'all might want to plug that leak... And while the USA is attracting a huge amount of investment with their IRA, Germany is losing parts of their industry (chemical industry and other high energy industries investing no longer in Germany) and is also jeopardizing their efforts to attract (for example) chip makers. I am not so sure your analysis is covering all the relevant points.

dangus 3y ago
Two countries on the top of the geopolitical power rankings have the most debt, and that seems expected and normal to me. Your ability to take on debt reflects other people’s willingness to lend to you, as well as your ability to turn today’s money into a larger amount of tomorrow’s money. Which governments are more reliable borrowers than the US or Japan? Is there a safer currency than US Dollars more likely to maintain its value that you’d rather be paid back in?