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The Calm Before The Storm With Michael Kramer

Lead-Lag Live

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The Challenge Is That You're Inflating Your Way Out of Your Debt

I think the challenge and the difficulty there is that as we know, debt is not going to go back to some normal level. The other part of it too is that you're inflating your way out of your debt, right? I mean, nominal GDP since the fourth quarter of 2019 has gone up like 20%, 25%. You have a nominal GDP growth, I've been nominal GDP of $26 trillion. And that was, that's up significantly, I think from around $20 trillion in 2019.

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