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A comment on The World Has a Germany Problem: Debt Obsession Ate the Economy. Parent comment

Re:The World Has a Germany Problem: Debt Obsession Ate the E... by User23 on Tuesday August 20, 2019 @12:14PM (#20748636)
Because of sectoral balances[1]. If the public sector doesn’t issue debt, then the private sector can’t accumulate financial assets modulo exports. This is why, incidentally, the Germans want a devalued Euro. Unfortunately we can’t all be net exporters, so Germany is basically defecting in an iterated game.

[1]https://en.m.wikipedia.org/wiki/Sectoral_balances

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Re:The World Has a Germany Problem: Debt Obsession Ate the E... by marcosdumay on Tuesday August 20, 2019 @02:53PM (#20750588)
There is a huge "in nominal values" that has to be appended at the end of that claim. Reality is always more complicated.
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