News for hackers. Stuff that matters.

A comment on The Young, Inexperienced Engineers Aiding Elon Musk’s Government Takeover. Parent comment

Re:The Young, Inexperienced Engineers Aiding Elon Musk’s Gov... by amrocha on Monday February 03, 2025 @10:39PM (#42927565)
Japans debt is 300% of their GDP and yet their society seems to work a lot better than the US. Maybe there’s more to economics than debt ratios.
[ Parent | on HN ]
Re:The Young, Inexperienced Engineers Aiding Elon Musk’s Gov... by roenxi on Monday February 03, 2025 @10:49PM (#42927644)
Well, yes. Japan as a nation is a net creditor. Net creditor don't generally struggle when paying back their debts. The question of where the money will come from has an obvious answer. If the US was a net creditor then the story would be completely different.
[ Parent | on HN ]
Re:The Young, Inexperienced Engineers Aiding Elon Musk’s Gov... by imwillofficial on Tuesday February 04, 2025 @05:15PM (#42939742)
Japan's currency is in the toilet. They are struggling.
[ Parent | on HN ]
Re:The Young, Inexperienced Engineers Aiding Elon Musk’s Gov... by amrocha on Wednesday February 05, 2025 @12:12AM (#42944097)
The value of a currency has nothing to do with how that country’s economy is doing. It’s mostly a factor of international trade. That has nothing to do with debt ratios.
[ Parent | on HN ]