Friday, September 22, 2017

No Dean Baker, interest payments are near the highs

He says:

Debt is a meaningless concept in this context. Debt would only matter insofar as the flow of income in the form of interest payments on bonds create a source of demand that pull resources away from other uses. With interest payments near a post-war low as a share of GDP, this should not be a major issue for the foreseeable future.


The blue line will not make .035 and has a hard time at .030

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