$60 trillion and counting… When does government debt become a problem?
It doesn't seem to matter where you are in the world, your government has debt, and it’s growing as we speak. By the time you read these show notes, the US will have added $1 million to their National Debt. That’s $1 million every 40 seconds. This sentence is probably $100 000 alone. When Sri Lanka recently defaulted on their debt this week, it got us wondering - have the economists telling us not to worry about national debt been having us on? What was different for Sri Lanka? And is there a point where we should start worrying about government debt?
28 April
