Debt vs Assets

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Hal
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Debt vs Assets

Post by Hal » Fri May 15, 2020 9:18 am

In this old book on page 116 they discuss the debts of the world.

What are your thoughts on how to calculate this today?
Private and Public Debt combined (?) and what metric would you use for (public & private perhaps) property value?

Unfortunately I missed the lecture ;)

https://archive.org/details/coinsfinanc ... ial+school
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Kriegsspiel
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Re: Debt vs Assets

Post by Kriegsspiel » Fri May 15, 2020 10:06 am

This is the subject of Rogoff & Reinhart's book This Time Is Different. They go through external, internal, and combined debts as ratios of GDP. AFAIK it's the book people read to understand this topic today. It's difficult reading, but if you're into this, give it a shot.

They have some data and tables here.
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Xan
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Re: Debt vs Assets

Post by Xan » Fri May 15, 2020 10:18 am

Is any pre-fiat-currency theory on this issue relevant in a fiat-currency world?
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Ad Orientem
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Re: Debt vs Assets

Post by Ad Orientem » Fri May 15, 2020 2:06 pm

Hal wrote:
Fri May 15, 2020 9:18 am
In this old book on page 116 they discuss the debts of the world.

What are your thoughts on how to calculate this today?
Private and Public Debt combined (?) and what metric would you use for (public & private perhaps) property value?

Unfortunately I missed the lecture ;)

https://archive.org/details/coinsfinanc ... ial+school

Fantastic find! Of course the basis for the global economy and monetary system is completely different. But that book is a gold mine (pun intended) for those of us whose hearts reside in another era. See also this...

https://archive.org/details/scientifica ... 6/mode/2up
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Ad Orientem
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Re: Debt vs Assets

Post by Ad Orientem » Fri May 15, 2020 2:18 pm

A quick glance suggests that this is a propaganda piece in the debate over monetary policy that dominated the American political landscape during latter third of the 19th century. Mr. Coin appears to be a champion of bimetalism (i.e. Free Silver). (Boo- hiss!)
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Hal
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Re: Debt vs Assets

Post by Hal » Fri May 15, 2020 6:37 pm

Thanks for the replies,
I shall also see if the data in the trading economics site produces any useful results.

https://tradingeconomics.com/australia/indicators - private debt to GDP 205% here in Australia!

Personally I find the first part of the book most useful/factual(?), but since "BelangP" referenced it, a reread may be in order.

Hal
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