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> Government debt gets resolved through inflation.

This is misleading.

US debt as GDP percentage is higher than for any other nation except Italy and Greece, and was much lower historically, too (<50%ish for basically the last century instead of >100% now).

So the status quo is not how government spending gets typically resolved.

Racking up public debt risks runaway inflation, which is unpleasant for everyone.

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Comparing a currency issuer like the US to currency users like Italy and Greece is a category error. You can compare Alaska to Greece or California to Italy. But you should compare the US to other currency issuers - like the Eurozone, Japan or the UK.

Euro area is slightly under 90%, doing a bit worse than EU average (80%ish).

Japan is much higher-- I did not have that in my dataset, appears to be at 230% debt but decreasing pretty rapidly (down from almost 260% in 2020).




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