All-In with Chamath, Jason, Sacks & Friedberg
Ray Dalio | The All-In Interview
David Friedberg
So the federal government is spending more than it makes at a level that's about 7% of the total size of the economy in the United States, which is the highest of all of these industrialized markets. Second is France at 6%. Third is the UK at 6% as well. And then China at 5%. And then these countries are all approaching 100% debt to GDP. Japan, obviously, is at 215%.
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