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FXVOiI5Wk[1]

[Posted on : 2014-09-12 by Sam] Thanks for linking to Steve. But no tanhks for putting words in my mouth.Steves figures appear to be gross debt figures. Id prefer to see net ones.If I owe you $30 and you owe me $30, Steve would apparently have our total "debt" at $60. Wouldnt it be better to describe it as zero?As it happens the household sector as a whole is a net saver at the moment (a net repayer of debt). Debt neednt inexorably grow, for all sorts of reasons - some of which involve the fallacy of composition.The government debt graph makes this clear.

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[1] - Fxl2504ues4Z


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