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by skyberrys
103 days ago
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Am I supposed to take away from these plots that we are all good since it's been steadily above the prior record in 1940 since 2020? Or is everything okay since it was really going up and it did course correct to a bit more of a straight line recently? The article seems to be communicating that this rate of spending is not sustainable. |
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https://economics.stackexchange.com/questions/11792/what-lev...
Not to say that it's okay, and Japan's economy certainly has issues with stagnation due to the debt load, but it's also not a "we have imminent hyperinflation" kind of thing either.
The concern with the past five months isn't so much the level of debt, it's the rate of change - we're increasing it faster than in the past... and this isn't a COVID-level crisis or a 2008-style deep recession either where Keynesian logic might make more sense.