I would say the only reason I'm not in a full fledged panic is because people like Art Laffer do point out we have vast wealth. Our debt to GDP ratio is probably not the most relevant, is relevant for inflation, that type of thing. But debt to total assets is probably the more relevant. So we literally, we can afford this level of debt, but you do have to compare it to income as well. (37:46–37:52)
CLAIM
Asserts that debt to GDP ratio is relevant for inflation but not the most relevant metric.
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