Wednesday, February 10, 2016

Data check Dean Baker, always

He says:
After all, with interest payments on the debt as a share of GDP at a post-war low and an interest rate on long-term Treasury bonds of almost 2.0 percent, things look pretty bleak. (That’s sarcasm.)





Now interest payments are nominal and the real GDP uses chained 2009 numbers, a bit of a stastiical error in the chart.  But not nearly enough error to prove Dean right.   Interest payments are 2.5% of Real GDP.

No comments: