Comment on How Does a Country's Debt Affect its Citizens?

• Sethayy@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Tbh more or less matters on an intra-country scale, as US could borrow a shitload anytime and pretty much everyone would be happy to take that investment. Investing in the Philippines is much less attractive, and so gives them less spending power

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  • boyi@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

    ok, so. the way I see it the same as in investment. As long the debts can create revenues, you can pile up more debts.

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    • twistedtxb@lemmy.ca ⁨1⁩ ⁨year⁩ ago

      That’s the way I see it as well. And probably why we don’t see that metric often. GDP is more an accurate indicator of financial stability / purchasing power (although also flawed)

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