Interesting question actually. Given a level of inequality, how should debt be notionally 'distributed'? https://twitter.com/jamyerson/status/725357831466192896 …
@gibsopi @JAMyerson I honestly have no idea what to make of current global macro climate. Very weird/unprecedented conditions.
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@vgr@JAMyerson Sure. Just that, quite apart from fact that "$18 trillion" is a fictional number... -
@vgr@JAMyerson ...(not net of assets, not net of interagency debt, not annualized, etc)-- quite apart from that, *debt* per se signals zip. - Show replies
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