dovgordon on Nostr: Thank you for the reply, Jeff Booth I was just confused by the math of this example, ...
Thank you for the reply, Jeff Booth (npub1s05…eyhe)
I was just confused by the math of this example, because if "world economy" is cumulative year to year while global debt is a total, then I assume it's not that $4 of debt creates $1 of growth.
But even if the numbers were reversed and $1 of debt produces $4 of growth, everything is still built on quicksand.
Am I understanding what you wrote and what you intended?
Thank you.
I was just confused by the math of this example, because if "world economy" is cumulative year to year while global debt is a total, then I assume it's not that $4 of debt creates $1 of growth.
But even if the numbers were reversed and $1 of debt produces $4 of growth, everything is still built on quicksand.
Am I understanding what you wrote and what you intended?
Thank you.