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The only governments which are not "bankrupt" are shitholes like Russia (and they only did it to prevent sanctions from harming their economy). A healthy debt
by Der_Einzige 2y ago
The only governments which are not "bankrupt" are shitholes like Russia (and they only did it to prevent sanctions from harming their economy).
A healthy debt to GDP ratio (like what the USA has) is integral for a growing economy. Choke on it Austrians.
- HPsquared 2y agoThere's also Norway, China etc, countries with productive SOEs. Those governments have debt but also significant assets.