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by subjectivationx 241 days ago
The problem is Debt to GDP is largely meaningless. It is the total debt that matters. I am sick of reading this bullshit. You don't know what you are talking about and it is just always repeated as a reason to spend more.
2 comments
anon7000 241 days ago
Why is the raw total number the only or most important thing? BS example numbers, but if we have 50x the debt today, that’s not as scary as it sounds if we also have 50x the population and 50x the economic productivity (50x the tax base to pay off the debt). So it is about ratios. Maybe GDP isn’t the right number, but surely the raw number by itself is not very meaningful. (Maybe debt per capita, or debt per company tax dollar)

Inflation helps you increase GDP and keep the economy running, so it’s not surprising they’re mentioned together.

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7jjjjjjj 240 days ago
If that's true, why do banks ask for my income when I apply for a loan?
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