Comment by nabla9
3 years ago
Thinking in nominal values is rookie mistake.
You must think in terms of ratios, or not think at all. Debt-to-GDP ratio is a good measure that takes into an account most other variables like changes in population, productivity etc.
Well, world debt went from 5T to 305T while world GDP went from 33T to 96T in the same period
As ratio we went from to 16.5% to 317%.
Same question. Is this sustainable?