The federal deficit has been huge and widening, an unusual occurrence when the economy is booming. I was surprised to find out our debt to GDP ratio has remained mostly flat thanks to low interest rates.pic.twitter.com/rcHGZ2B2gP
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Japan's central govt debt/GDP is at 200%. So potentially lots of runway before the U.S. encounters problems.pic.twitter.com/yTBjF2bBUb
At the rate we're going, hyperinflation in the United States in our lifetime cannot be ruled out. Interesting (but logical) that Debt/GDP did not rise during the stagflation recessions of the 70s.
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I don't think we'll see hyperinflation but something like a repeat of the 50s, 60s, 70s. The U.S. has worked off much bigger debt loads (as % of GDP), most recently after WWII, through high but not insane inflation.
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Check out this longer time series. Federal debt/GDP peaked at 120% and was worked off over several decades.pic.twitter.com/luh5KENjoy
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