Japan debt to GDP ratio is already over 220% public debt. The best thing about it is that the Fed holds most of that debt so they kind of monetized it with no major repercussions.
Modern Monetary Theory has stated that high public debt loads isn't a problem, and frankly so far it doesn't seem like the markets will ever care. Until it does, and then it will be a disaster but both Japan and the US will never pay off its debts.
Modern Monetary Theory has stated that high public debt loads isn't a problem, and frankly so far it doesn't seem like the markets will ever care. Until it does, and then it will be a disaster but both Japan and the US will never pay off its debts.