0 sats \ 1 reply \ @premitive1 22 Jul 2023 \ parent \ on: Monetizing The Debt: Eurozone Reduces Public Debt bitcoin
In colloquial english the phrase "public debt" refers to the amount of nominal debt owed by a government, and NOT the ratio of nominal debt to whatever GDP is.
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0 sats \ 0 replies \ @TomK OP 22 Jul 2023
Correct. And now You put this number in relation to the nominal GDP and repeat this with a number of other countries and over a defined time period to get a reverence point like an anchor. Therefore it's possible that public debt (nominal) rises meanwhile because of econ growth the ratio of pd/gdp falls.
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