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>You’re incorrect about what that figure is. Why then would all these countries, as websites such as your source be calculating such a useless indicator? If I
by incomingpain 2y ago
>You’re incorrect about what that figure is.
Why then would all these countries, as websites such as your source be calculating such a useless indicator? If I am incorrect?
- sokoloff 2y agoIt's not a useless measure. Normalizing total debt against total income is a sensible way to compare countries to another. It's just not a measure that is a unitless ratio of two measures with the same units. (The unit is years [of income to payoff the debt if no further interest accrued].)
- incomingpain 2y ago>It's not a useless measure. Thanks for confirming that. I'll return to my original post then.