Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Saturday, January 14, 2012

What A Lannister Always Pays

Here is a look at various types of debt.

Linear scale.

Log scale.

All we ever hear about is the size of the Federal Debt.

It is dwarfed by total credit market debt.

It is only slightly larger than non-financial corporate business debt.
It is no larger, and in recent years has typically been smaller than
-  Household credit market debt
-  Domestic financial sector debt.

Nobody (well, almost) ever talks about any debt other than federal.

But it is the least of our problems.


In case anyone doesn't get the reference.


The Arthurian said...

"A Lannister always pays his debts." -- Tyrion


Jazzbumpa said...

Yes - the Imp.

You'll hear it a lot from big brother Jaime, as well.


Southern Beale said...

Which is why I hate that tired line about how "American families have to live within their means, so should the government!"