Birdwatch Archive

Birdwatch Note Rating

2024-06-11 13:58:14 UTC - SOMEWHAT_HELPFUL

Rated by Participant: CCBF81429F43032B4D01B599EC4B789069D106EDBD1EB377B474283602036323
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/

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Original Tweet

All Information

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