Mastodawn

The political class is obsessed with the level of public debt (as a proportion of GDP), but if we are really concerned about debt then we really should be looking at it in the round - public debt, corporate debt *and* private (household) debt - then the UK is no outlier!

(debt in itself is not necessarily an issue, its the ability to fund repayments that matters; debt has always been a useful way of utilising the future to fund the present!)

#debt #politics

h/t Economics Observatory/LinkenIn

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Alan T Perry 🇨🇦

@ChrisMayLA6

And, of course a certain proportion of the government and corporate debt (bonds) will be people's retirement savings, whether held in pension plans or private accounts. And a good portion of the personal debt will be mortgages.

As you say, nothing wrong with debt as long as it is sustainable.