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The media should report the number that actually matters: debt to GDP ratio. It’s quite high as well, but it’s the more meaningful number.
by lokar 2mo ago
The media should report the number that actually matters: debt to GDP ratio. It’s quite high as well, but it’s the more meaningful number.
- croon 2mo agoAnd yet more meaningful than that is what the debt increase is spent on. If it's infrastructure/education/etc, productivity/population welfare will rise over time. If it's debt through tax cuts, temporary productivity might be argued (some of the GDP here), but the nation will be in decline.