Public Debt higher than WWII pic.twitter.com/0dvGR2kc0g
— Win Smart, CFA (@WinfieldSmart) September 8, 2020
20 years ago, US nat'l debt was $5T, interest rates were 5-6% + it required $1M in savings to earn the $50k/yr in interest income to retire. Now we'll be $30T in debt, rates 0-1% forever, $1-$2T deficits/yr to ♾ and it takes $8M saved to retire. #MMT friends won't tell you this https://t.co/W795Q437jG pic.twitter.com/t2i7gQOL1A
— M/I_Investments (@MI_Investments) September 11, 2020