Commonly used debt/gdp ratios incoherently divide stock/flow. Adjust to flow/flow -> interest payments/gdp and you have a very different picture of fiscal history & outlook e.g. for the US: As debt/gdp rises, interest payments/gdp stagnate or fall.
piie.com/system/files/d… https://t.co/480InOCp1P
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…