Venkatesh Rao Retweeted Adam Tooze
Venkatesh Rao added,
Adam Tooze @adam_tooze
Social Security Trustees Report puts present value of US GDP over infinite future as $3.8 quadrillion v. U.S. federal debt c. $21.2 trillion
-> debt may be 100% of 2020 GDP
but 0.5 % of infinite horizon GDP.
One for your xmas dinner conversation :)
https://www.piie.com/system/files/documents/furman-summers2020-12-01paper.pdf … pic.twitter.com/fcEKhG7eWU
7:49 AM - 25 Dec 2020
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