US Debt To GDP Ratio At 1.22 (Nothing Has Been The Same Since 2020 Covid Outbreak)

It used to be that a debt-to-GDP (Gross Domestic Product) ratio above 1.0 would be disastrous. Yet, the US Debt-to-GDP ratio rises during and after most recessions. Why? The old Keynesian model called for increased government spending and debt to pull the country out of a recession. But the Keynesian model called for debt to Continue reading US Debt To GDP Ratio At 1.22 (Nothing Has Been The Same…