How China accumulated $28T in debt
This is an older article from the beginning the the month as China was really struggling with its stock market. As others have pointed out, debt, in itself, isn&#x27;t really an &quot;issue&quot; so much as it is money from the future being brought into the present. And when the future has a lot more money than the present does, sending that money into the past isn&#x27;t a drag on the economy. But when the economy is about the same size in the future as it is now, then that future economy is going to have to figure out how to operate without all that moeny it sent to the past.<p>For the government debt it isn&#x27;t a huge issue because the Government can essentially decide not to pay itself back. But for public debt it means that the economy is held back. Imagine if the trillions of dollars corporations in the US are currently holding in &quot;cash&quot; was all going to paying off previous bond holders. That money would not be available for acquisitions or new investment. So those companies would grow slowly or not at all.