Good piece on a theme I& #39;ve often stressed: we don& #39;t have to worry about how we& #39;ll pay off the debt run up to deal with Covid-19, because we never will — just as we never paid off the debt from WWII 1/ https://www.collaborativefund.com/blog/who-pays-for-this/">https://www.collaborativefund.com/blog/who-...

What we did then was just let the debt/GDP ratio erode over time as the economy grew. This is really easy to do when interest rates are below growth rates, which they normally are 2/

Important because if Biden wins, you know that Republicans will suddenly rediscover their former conviction that debt is a horrible existential threat, and that social spending must be cut. I hope centrists don& #39;t fall for this scam again (although they probably will) 3/