🇺🇸💵 US Federal deficit as a % of GDP v. inverted US unemployment rate (blue dotted line = latest Treasury borrowing projection).
🇺🇸💵 US Federal deficit as a % of GDP v. inverted US unemployment rate (blue dotted line = latest Treasury borrowing projection).
Only 3 ways to close this gap:
1. Face-peeling inflation.
2. Depression (as US govt slashes its ~25% of GDP spending.)
3. Productivity miracle.
