[Bond]

Well, our debt to national GDP ratio is becoming quite high, but it is still not as high as compared to other countries, such as Japan and some African countries. The real problem is that this is an issue of path dependence. The more money the government prints at an alarmingly quick rate, the more the people become dependent on that government to do the same. It is a very dangerous cycle.

Moreover, this creates the same cyclical relationship that our economy has been undergoing for quite sometime. While Keynesian economics tries to even out the boom and bust cycle, it simply temporarily alleviates a bust into a semi-boom, but then sets the stage for the next bust.

The core problem is that these kinds of economic issues morph into political issues, in which the "correct" economic decision is rarely made. But that's how politics works I suppose.