Yeah. Then we had 3% growth in the 70s, 80s, 90s, the dot com revolution. But since the turn of the century, we've averaged 2.2% growth. And you know, Reinhart and Rogoff wrote about this. This time is different. It's not once you reach a certain threshold of debt to GDP level. First of all, government is sucking down all that money out of the private sector. Risk takers can't borrow money. So that has a negative impact on growth. (23:03–23:11)
CLAIM
Asserts that reaching a certain debt-to-GDP level affects economic growth, referencing Reinhart and Rogoff's work.
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