> 98% of countries in the last 120 years that had a debt to gdp of 130% has either defaulted or had massive inflation
Sounds impressive, but this stat relies heavily on a) developed world nations and b) nations back when we had the inflexible gold standard. The US also benefits dramatically from being able to issue debt in USD, which it controls.
Sounds impressive, but this stat relies heavily on a) developed world nations and b) nations back when we had the inflexible gold standard. The US also benefits dramatically from being able to issue debt in USD, which it controls.