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Heisenberg's asset class strikes again. A Gini coefficient is only useful if you treat it as a currency of a sovereign state, but it has basically no attribute
by arcticbull 5y ago
Heisenberg's asset class strikes again.
A Gini coefficient is only useful if you treat it as a currency of a sovereign state, but it has basically no attributes of a good currency - and certainly doesn't have a state. It's not broadly accepted anywhere, it's not the unit of account for anything and nothing is priced in it. So yes, to your point, a Gini coefficient with that in mind makes no sense.
However because it says "currency" on the sticker, someone's gonna run the numbers as though it is one.