On thinking about the U.S. national debt exceeding 100% of the GDP (gross domestic product). Again.

Every so often the debt of a country becomes a political issue and writers start cranking out pieces like this in the Wall Street Journal about how: “The U.S. national debt now exceeds 100% of gross domestic product, crossing a once-unthinkable threshold, on the way toward breaking the record set in the wake of World … Continue reading On thinking about the U.S. national debt exceeding 100% of the GDP (gross domestic product). Again.