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Thinking in nominal values is rookie mistake. You must think in terms of ratios, or not think at all. Debt-to-GDP ratio is a good measure that takes into an a
by nabla9 3y ago
Thinking in nominal values is rookie mistake.
You must think in terms of ratios, or not think at all. Debt-to-GDP ratio is a good measure that takes into an account most other variables like changes in population, productivity etc.
- henry2023 3y agoWell, world debt went from 5T to 305T while world GDP went from 33T to 96T in the same period As ratio we went from to 16.5% to 317%. Same question. Is this sustainable?