.@ScottAdamsSays, please give this a read regarding your concern over the national debt.https://twitter.com/deficitowls/status/963905463745155074 …
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Of course. “Too much” is when real resources become constrained and we begin to experience meaningful inflation. See Japan’s simultaneous 250% debt-to-GDP ratio and low inflation.
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Currency issuers can meet all debt obligations denominated in their own currencies. They’re limited by real resources and inflation.
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Thanks for the reply Scott. The problem with your way of thinking is that you're comparing government to a household when you should be comparing it to the Mafia. What happens when the Mafia is in "too much debt"? Nothing. They're the Mafia. They have the guns. The set the terms.
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You need to factor in the US dollar into the computation. At some point it will start dropping (as a trend) and not as a temporary dip vis a vis other currencies. This should cause levels of inflation not seen since the early 80s in the US. Also, if you push Putin too hard he may
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One word. Argentina
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