pull down to refresh
11 sats \ 3 replies \ @k00b 25 Jul 2023 \ on: What happens after GDP to debt ratio of over 130% bitcoin
Which country is that 1 in 52?
I suspect that if you're a country in control of the world's reserve currency you can avoid default with a higher debt ratio.
Japan. They keep printing more and more to pay off their debt and yet never defaulted
reply
Majority of public debt is in the hands of their citizens and institutions. Makes them somewhat independent from foreign monetary politics
reply
looks like you can plod along in low 200s% https://tradingeconomics.com/japan/government-debt-to-gdp
reply