Obviously every nominal value is going to be higher YoY. That just immediately follows from inflation.
Almost every year in almost every country will have:
- record GDP
- record government spending
- record total wages
- record stock market prices
- record asset prices
- record government debt
You need to put these values in relation to something, otherwise they don’t mean anything.
For the UK, take for instance the public sector net wealth (Ie. Everything the UK public collectively owns). It collapsed drastically, from 220bn in 2006 to -900 bn in 2025.
Absolutely off the charts. As a result of this, the government can’t provide health care and basic support for its citizens anymore.
Question: who has all this wealth now, who is the UK indebted to?
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxe...
Almost every year in almost every country will have:
- record GDP
- record government spending
- record total wages
- record stock market prices
- record asset prices
- record government debt
You need to put these values in relation to something, otherwise they don’t mean anything.
For the UK, take for instance the public sector net wealth (Ie. Everything the UK public collectively owns). It collapsed drastically, from 220bn in 2006 to -900 bn in 2025.
Absolutely off the charts. As a result of this, the government can’t provide health care and basic support for its citizens anymore.
Question: who has all this wealth now, who is the UK indebted to?
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxe...