3 ms·
I'm saying given the choices of "US economy doubled! Eurozone completely stagnant" (nominal) and "both grew, US somewhat more" (PPP), PPP is by far a more accur
by htfu 3y ago
I'm saying given the choices of "US economy doubled! Eurozone completely stagnant" (nominal) and "both grew, US somewhat more" (PPP), PPP is by far a more accurate model of what has actually transpired.
That is all.
What it may or may not say about Greece is utterly irrelevant because that's not what I was talking about.
- dogma1138 3y agoBut the problem that it is not, you are using PPP for things that explicitly it shouldn’t be used for.
- Dylan16807 3y agoIf you're only saying it's better for this single ratio then that doesn't make it a more accurate model. Statistics can be closer on a single number by pure happenstance. If you want to say it's a more accurate model then you need to defend it more broadly.