The "debt does not matter" crowd has a blind spot: politics! What does a politician hear when you say "don't worry about debt?": buy votes, raise entitlements. I make this argument (today on paper) in the @FT in the context of new @ecb policy. https://www.ft.com/content/e06f253d-5f06-4484-9ce0-658434a844cd

🐦🔗: https://nitter.eu/lugaricano/status/1572946945626492933