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Old 06-16-2023, 02:28 PM   #7104
opendoor
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Yeah, it totally makes sense to compare debt in nominal terms to 50-100 years ago, lol. Maybe look at gross debt to GDP (particularly the growth in % terms) and it paints a different picture:

https://fred.stlouisfed.org/series/GGGDTACAA188N

Debt to GDP more than doubled in the '80s, and they didn't have a crisis like COVID to deal with.
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