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Gross debt to GDP ratio in the US has fallen from 130% in 2021 to under 125% now. It'll likely tick back up closer to 130, but it's been relatively flat. Econo
by Schiendelman 1mo ago
Gross debt to GDP ratio in the US has fallen from 130% in 2021 to under 125% now. It'll likely tick back up closer to 130, but it's been relatively flat.
Economic growth and inflation have kept pace with gross debt for a long time, and if the US continues to stay on top of the tech industry, the raw numbers will likely continue not to matter.
- lossolo 1mo ago> Gross debt to GDP ratio in the US has fallen from 130% in 2021 to under 125% now. Most of that was inflation, so it hurts U.S. citizens. I mean, you could reduce it even further pretty easily, but I'm not sure you would want to pay $1,000+ for a Big Mac.
- Schiendelman 1mo agoThe hard part here is that this is good for people in debt, and bad for the very wealthy, so it's not a bad way to redistribute wealth as long as real incomes are growing. During this period, real incomes have been growing, and faster than inflation. So the same outcome that would get you a $1000 burger would also get you the purchasing power for more burgers than you can afford today.