Sure.

And we would say, "Oh my God, debt has exploded." But if we compare it to some measure of how large the economy is, then maybe it hasn't exploded.

So people didn't wanna just measure the total value of the debt.

What they wanted was, how much debt is it compared to how big the economy is? And so-They just thought, "Well, okay, what's the obvious thing to do? Well, let's just put the total indebtedness over the GDP, the gross domestic product.

That, the gross domestic product is a good measure of the size of the economy, and we'll use that as a measure of debt." And you know, there's nothing wrong with that measure of debt, per se.

And if you did that, what you found was it, it's been highly variable over time, and obviously during world wars it's been very, very high.

But in the last 20 to 30 years, that measure has actually exploded.

And that my life might be involved [laughs]