This is a stupid measurement. Firstly, what exactly is it measuring? For a start... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

nl on Aug 11, 2011 | parent | context | favorite | on: Winter is coming

This is a stupid measurement.

Firstly, what exactly is it measuring? For a start, it appears to include private debt.

Australian government debt is under 5% of GDP. As recently as 2008 it was debt free.

http://www.treasury.gov.au/documents/1496/PDF/01_Debt.pdf is a good link (from another comment here)

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact