Japan shows us that humongous debt to GDP ratios are technically feasible, if you can repress banks, depositors and domestic investors, and invest the borrowed money in domestic or overseas assets th… (View Post)
On the contrary, in both the UK and the USA, debt to GDP ratios have gone up by 60% of GDP since the mid-2000s, so there is no evidence that the USA leveraged its way out of recessions while the UK s… (View Post)