There’s no need for worry.
Recently a manchild economics PhD candidate just told us to lighten up about the economy, as follows:
“Today’s economy, fiscal and monetary policies are the result of a a new paradigm shift due to technology raising productivity levels to record levels.
Debt, be it national or personal, is of little consequence, now that Silicon valley innovation ROI outpaces overall liability from gov’t IOUs.”
Yup, the future’s so bright, I gotta wear shades...
RE: “Curious as to when the last time ANY country ran in the black? Anyone know?
http://www.usdebtclock.org/world-debt-clock.html
How on Earth is the World Economy even functional? And this isn’t even every Nation but according to this, CHINA has the least debt to GDP ratio! Yikes!”
I am SO glad that Dad and Grandpa taught me to live my life as a productive Ant and not as a lazy, fiddlin’ Grasshopper!
56, DEBT FREE. Retired. Just smilin’ and waivin’, sittin’ here on this sack-o-seeds. ;)