The Case for Optimism
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It may be a matter of how different people calculate the debt to GPD ratio, but isn't the current US debt:GDP ratio in the 90-100% area?
I have a question for the Instructors,
Sir, as we understood in the previous lecture, that because of the fact that a single common currency is used in all these countries, there is outflow of deposits from domestic to German banks. Also, production in Germany is more than in these countries and hence they end up with huge capital outflows to compensate for their imports. Under these circumstances, will it be reasonable to believe that a depreciated Euro, will help in boosting their exports? Wouldn't Germany again stand to benefit from this situation?