Debt/GDP is a problematic comparison of a stock and a flow. What if we cashed out GDP as a stock? NPV of U.S. GDP is $3.9
quadrillion (SS Trustees)
or ∞ (if r<g) QUADRILLION. … hilarious slide from @jasonfurman making a serious point.
piie.com/system/files/d… https://t.co/jUchosrSMU
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…