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Comparing a currency issuer like the US to currency users like Italy and Greece is a category error. You can compare Alaska to Greece or California to Italy. Bu
by neilwilson 7mo ago
Comparing a currency issuer like the US to currency users like Italy and Greece is a category error. You can compare Alaska to Greece or California to Italy. But you should compare the US to other currency issuers - like the Eurozone, Japan or the UK.
- myrmidon 7mo agoEuro area is slightly under 90%, doing a bit worse than EU average (80%ish). Japan is much higher-- I did not have that in my dataset, appears to be at 230% debt but decreasing pretty rapidly (down from almost 260% in 2020).