tag:blogger.com,1999:blog-7117149072827170574.post4002765475928435805..comments2023-06-22T19:08:40.395+10:00Comments on Loaded Dogma: Australia's debt ceilingPaul Montgomeryhttp://www.blogger.com/profile/18345309776406933213noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7117149072827170574.post-22572866748364446522013-08-14T10:54:14.341+10:002013-08-14T10:54:14.341+10:00sinclair always kest use dollar amounts when talki...sinclair always kest use dollar amounts when talking about public debt when it is small.<br /><br />If nominal GDP growth is way below trend then the budget will not get back to balance until it goes above trend.<br /><br />Of course the terms of trade fell about the same time Sinclair made his famous stagflation forecast.<br />and he talks about Treasury getting it wrong!nottrampishttp://nottrampis.blogspot.com.aunoreply@blogger.com