Debt at the national level is less about “money we have to pay” and more about the “money that moves through the economy”.
G7 countries aren’t really expected to pay their debt some day, that’s what Trump gets wrong.
Debt represents how much their economy is valued by others, the more debt you can comand, the more trust and the more cash you have available. As long as you make 1% more in yearly income than you pay in debt, you never have to pay your debt, you can just keep borrowing and growing. That’s the “ideal” world.
And that’s the problem. Reality isn’t looked that. If instead of using that money for growth you use it for bullshit, like lobbying politicians, you make it harder and harder to make more income flow than you have to pay out, and then you spiral into crisis because each time you need to make more and more money, but you look less and less reliable, and so on.
Caroline Rogers “rang the alarm bell” on productivity, and interest rates will be higher going forward due to aging demographics, so debt will compound faster than it had been. We also had the second to last per capita GDP growth of the 38 country in the OECD since 2015, which was below inflation.
You can import a lot of people to spread the debt amongst more people, though you’ll have Trudeau’s polling numbers by the end due to severe shortages of basic necessities. Trump allowed Carney to win this last election, though if the tariffs stay in place our interest rates will also rise dramatically, and we need to spend less.
It’s a bit more complex than this.
Debt at the national level is less about “money we have to pay” and more about the “money that moves through the economy”.
G7 countries aren’t really expected to pay their debt some day, that’s what Trump gets wrong.
Debt represents how much their economy is valued by others, the more debt you can comand, the more trust and the more cash you have available. As long as you make 1% more in yearly income than you pay in debt, you never have to pay your debt, you can just keep borrowing and growing. That’s the “ideal” world.
And that’s the problem. Reality isn’t looked that. If instead of using that money for growth you use it for bullshit, like lobbying politicians, you make it harder and harder to make more income flow than you have to pay out, and then you spiral into crisis because each time you need to make more and more money, but you look less and less reliable, and so on.
Caroline Rogers “rang the alarm bell” on productivity, and interest rates will be higher going forward due to aging demographics, so debt will compound faster than it had been. We also had the second to last per capita GDP growth of the 38 country in the OECD since 2015, which was below inflation.
You can import a lot of people to spread the debt amongst more people, though you’ll have Trudeau’s polling numbers by the end due to severe shortages of basic necessities. Trump allowed Carney to win this last election, though if the tariffs stay in place our interest rates will also rise dramatically, and we need to spend less.