Debunking Economics - the podcast cover image

Who will win the money war between BRICS and the West?

Debunking Economics - the podcast

CHAPTER

Is There a Relationship Between Government Debt and Debt?

Germany has a trade surplus of 220 billion US dollars, but it's got 6 trillion in debt. So is there any relationship between surplus and debt or are they two disconnected things? Well, they're disconnected but in a convoluted way. A country can have debt but could be operating a trade surplus. And I wish I could finance my spending that way. But I think you'd get found out pretty quickly.

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