What does it matter?SRW responds in the comments. Scott Sumner, not yet.
If you misread the graphs, you misread the economy. That's all.
The New Arthurian
What does it matter anyway?
The Arthurian
What does it matter?SRW responds in the comments. Scott Sumner, not yet.
If you misread the graphs, you misread the economy. That's all.
4 comments:
You can't just look at the growth of debt in a vacuum...it's the growth of debt relative to the increase in spending that matters...that's where the funds for payments comes from.
The rates of change of public spending and credit expansion (log scale)...
https://dl.dropboxusercontent.com/u/33741/public%20spending_debt%20expansion%20log.png
Link please?
Link fixed
Post a Comment