May 7 (Cointime) - Sam Altman, the CEO of OpenAI, shared a chart showing the US debt-to-GDP ratio over time. He describes the trend as "very scary" and notes that there is currently no plan to fix it or even much of an acknowledgment that a plan is needed.
Altman predicts that the problem will only get worse as the rest of the world seeks alternatives to the USD and interest rates remain non-zero, leading to a long-term brewing crisis.
According to Altman, the only viable solution to this problem is through technology-driven economic growth. "Major growth, driven by tech, can fix it. i literally can’t think of anything else that seems plausible that could do it." Altman said in another tweet.
US debt to GDP ratio over time. very scary chart; no plan to fix it or even much of an acknowledgement we need a plan.— Sam Altman (@sama) May 6, 2023
will get made worse as the rest of the world finds alternatives to the USD and rates stay non-zero.
long-term brewing crisis. pic.twitter.com/rhwtDEdiFY