I found this website on my own just a week or two ago! It's one of the only times something has ever "hurt my eyes" literally not just as an expression. Weird experience. I do dig the design though anyway.
Installments of this type are not very helpful, as they proliferate the notion that the so called "debt" of a nation in its own currency has to be repaid or is in any way bad.
The goal of a nation with a sovereign currency should be to keep prices stable while advancing wellbeing in general. Often, this means spending new money, which is framed as debt and said to increase inflation. In reality, new "debt" can both increase or decrease inflation, depending on how the money is spent. There is no direct correlation between increasing the pool of money and inflation.
If money is spent on a product that currently has low demand due to a crisis, prices won't be increased and there won't be inflation. If money is spent on a product with high demand, then prices will increase and inflation will worsen.
Example: after COVID, construction was down 30% in Germany. Government could have stepped in and spent new money to use the available labour, but instead it remained unused. This way, the labour went to waste, and construction companies, like many other companies, had to charge more for the same services because there was less demand in total, which causes inflation.
The personal debt to income ratio is actually not so terrible. I guess since rates are high it would make sense to fall since the cost of servicing the debt will rise. https://libertystreeteconomics.newyorkfed.org/2024/11/income....
Loved this old-school site. Click around the buttons to find more, like https://www.usdebtclock.org/energy.html and https://www.usdebtclock.org/money-history/money-timeline1100... .
As a geek, I wonder how accurate are the amounts currently.
In case these don't get fixed soon, here are a few glitches found:
- mousing over HEALTHCARE COST NOW shows help for US DOLLAR TO OIL RATIO NOW instead
- at https://www.usdebtclock.org/world-debt-clock.html it seems like the USA's PUBLIC DEBT TO GDP RATIO 101.50% should be more like 123.81%
I found this website on my own just a week or two ago! It's one of the only times something has ever "hurt my eyes" literally not just as an expression. Weird experience. I do dig the design though anyway.
Installments of this type are not very helpful, as they proliferate the notion that the so called "debt" of a nation in its own currency has to be repaid or is in any way bad. The goal of a nation with a sovereign currency should be to keep prices stable while advancing wellbeing in general. Often, this means spending new money, which is framed as debt and said to increase inflation. In reality, new "debt" can both increase or decrease inflation, depending on how the money is spent. There is no direct correlation between increasing the pool of money and inflation. If money is spent on a product that currently has low demand due to a crisis, prices won't be increased and there won't be inflation. If money is spent on a product with high demand, then prices will increase and inflation will worsen. Example: after COVID, construction was down 30% in Germany. Government could have stepped in and spent new money to use the available labour, but instead it remained unused. This way, the labour went to waste, and construction companies, like many other companies, had to charge more for the same services because there was less demand in total, which causes inflation.
There is something similar for Germany: https://www.steuerzahler.de/
(in the header)
I like the maximalist aesthetic.
Oh god, it's exponential
who cares, we have a new crypto economy.