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> 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 re
by 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 23d 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.