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Public debt exploded during the pandemic and new borrowing this year is likely to break records in several big economies, leaving governments less able to respond to shocks, fund public services or invest in the energy transition.
Fiat currency is not a finite resource. While I agree that many governments and central banks aren’t in a good position for another shock right now, it’s not as simple as big debt number=crash.
Fiat currency is not a finite resource. While I agree that many governments and central banks aren’t in a good position for another shock right now, it’s not as simple as big debt number=crash.