April 23, 2023
GDP and Debt
Bill
In response to this article by Chester McAteer:
Federal debt as a ratio to GDP is an utterly meaningless statistic. It is analagous to comparing my home mortgage against my employer'srevenue. Federal debt as a ration of federal revenue is meaningful, and that formerly was the measure that economists used, until it got too big and scared people. Then they switched to the Debt/GDP, not because it meant anything, but because it was a smaller ratio and was comforting. Now it, too, it to big but they have nowhere else to go.
In response to this article by Chester McAteer:
Federal debt as a ratio to GDP is an utterly meaningless statistic. It is analagous to comparing my home mortgage against my employer'srevenue. Federal debt as a ration of federal revenue is meaningful, and that formerly was the measure that economists used, until it got too big and scared people. Then they switched to the Debt/GDP, not because it meant anything, but because it was a smaller ratio and was comforting. Now it, too, it to big but they have nowhere else to go.
Posted by: Timothy Birdnow at
08:52 AM
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Federal debt as a ratio to GDP is an utterly meaningless statistic. It is analagous to comparing my home mortgage against my
Posted by: Replica Watches at May 09, 2023 07:48 AM (SUYyh)
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