“Is there any economic limit to the size of the debt in relation to national income?

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“Is there any economic limit to the size of the debt in relation to national income? There isn’t, is there? ... That’s right, isn’t it? The deficit can be any size, the debt can be any size, provided they don’t cause inflation. Everything else is just talk”—JFK to James Tobin pic.twitter.com/jvqH2JXxPa

— Matthew B (@boes_) November 12, 2019