But the debt grows even more, hence the ratio of debt to GDP is increasing. And the tiny bit that was inflated away after COVID part was also not so free, the bondholders are no longer willing to give their money for peanuts and the interest rates are much higher than a few years ago.
The problem with debt is that it can be meaningless for a long time and then it can matter a lot. Like the famous Lenin quote "There are decades when nothing happens and there are weeks when decades happen".
These are named after Muhammad ibn Musa al-Khwarizmi who was, well, Persian and who in his youth was likely Zoroastrian. Though kudos for Arabs who after conquering Persia allowed such a talent to flourish.
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But the debt grows even more, hence the ratio of debt to GDP is increasing. And the tiny bit that was inflated away after COVID part was also not so free, the bondholders are no longer willing to give their money for peanuts and the interest rates are much higher than a few years ago.
The problem with debt is that it can be meaningless for a long time and then it can matter a lot. Like the famous Lenin quote "There are decades when nothing happens and there are weeks when decades happen".
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