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#425: Fiat Crisis with Balaji Srinivasan
TFTC: A Bitcoin Podcast
The Debt to Revenue Ratio
This is the accumulated debt over many different presidents um this is the revenue and this is the deficit that's like the one a few set of years where there's like a surplus right. This is due to bond issuance and also deficit spending you know where the deficit is greater than revenues but essentially what you're seeing is debt-to-revenue ratio. People have concluded that they operate as if deficits don't matter because it's the longer and longer the time since they've been chint checked by reality the more they think that it doesn't matter mm-hmm i mean this is the mmt thesis right that is just money with ourselves well we can bring that actually shite
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