Replying to Avatar Marks

Great charts. Non-federal debt looks like it might be bottoming, never dipping below the first bank crisis on the chart. That’s concerning. Also, a majority of the people in the US have never seen a sustained decrease in federal debt, ever. This is the norm they were born into.
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Lyn Alden 2y ago

Most of the decline in debt/gdp last time was because nominal gdp (with a significant inflation component) went up, not because debt actually went down.

Going forward, nominal debt will keep going up, and the question is what nominal gdp does.

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