If this chart makes sense, history of AE public debt since 2008 falls into three phases:
GFC -> crisis surge in debt absorbed by public.
QE era: public debt/gdp static. CB soak up 15% of gdps worth.
2020 -> 20% gdp surge in debt entirely absorbed by central banks.
About right? https://t.co/cNOLsUIYOU
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,…