67.2 When is government debt too much debt?

———Part 2 Summary———
When public debt rises to around 90% of GDP economic growth falls by 1% each year. A review of Carmen Reinhart and Kenneth Rogoff’s study and a look at global debt levels in 2008, 2011 and 2020.

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———Ep 67.2 Topics———

00:05 When government debt reaches 90% of GDP, the median slowdown in growth is 1% per year.
03:53 Why does economic activity slow when general government debt reaches 90% of GDP?
07:38 The 2011 European Sovereign Debt Crisis debt to GDP levels
09:37 The 2020 European debt to GDP levels
11:58 The 2020 list of nations that are north of 90% general government debt to GDP

———Ep 67.2 References———

The Durable Hibernating of Vigilantism: https://bit.ly/3esvtaf
Growth in a Time of Debt: https://bit.ly/2S3COpl
BIS Total credit to the government sector: https://bit.ly/2Pl3UHB
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7