The world's net debt is exactly zero. So if we're talking about particular parts of the world where it is positive then maybe we should be specific. And how do places with negative net debt get on (e.g. China, Germany). Also it hardly seems that some parts of the world will struggle endlessly with net debt: eventually they'll default or inflate the debt away. So how relevant is debt?
The above comment caught my attention. Is it true? For every debtor there is a creditor? Sounds plausible.
So how relevant is debt? - this question reminds me of debates with Alec. I think it hinges around when debt collectors arrive at your door. Or borrowing costs go through the roof...
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