Comment on How Does a Country's Debt Affect its Citizens?
Sethayy@sh.itjust.works 1 year agoTbh 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
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.
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)