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America's $175T Problem
- ccorcos 2y agoBalajis does a fantastic job at making me concerns about the US economy from a very objective first principles approach. But then when I talk to someone more familiar with the topic, they have little problem brushing off his concerns. For example, the size of the US debt; it seems crazy, right? But apparently what’s more important than the size is the relative amount of debt compared to other nations because that’s why they’re still buying fed reserve bonds. I still don’t know what to think of it all.