• @[email protected]
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    111 months ago

    Quoting the total debt never makes much sense - right? Because the actual important figure is % of GDP.

    Also, debt where you invest in your country is surely the best possible use - as opposed to spaffing public money to make your friends rich during Covid.

    • PugJesus
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      311 months ago

      Because the actual important figure is % of GDP.

      Even that’s conditional. 50% of GDP as debt, as an example, is much more significant in a country where the GDP per capita is 2,000$, compared to 20,000$.