Birdwatch Note Rating
2024-06-11 13:54:41 UTC - HELPFUL
Rated by Participant: 87E40B6D7845820E556AAE635F0050450AF952349898D080605EA328A7EC6529
Participant Details
Original Note:
The ratio of debt to GDP was 60% when labour left office. It is now 100%. A country with a sovereign currency cannot go bankrupt, and to describe the situation when debt was proportionally lower than it is now as such, is disengenuous. https://www.taxresearch.org.uk/Blog/2023/04/18/modern-monetary-theory-an-explanation/
All Note Details