tag:blogger.com,1999:blog-8827593588859813237.post2175289070833005763..comments2016-02-24T09:00:23.522-08:00Comments on The Jersey Retort: Idiotic Political CalculationsMercy Vetselhttp://www.blogger.com/profile/15676766940333047243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8827593588859813237.post-2136650787042157712012-04-18T10:44:27.562-07:002012-04-18T10:44:27.562-07:00JS:
Right, because we value truth over ideologica...JS: <br />Right, because we value truth over ideological fealty.<br /><br />Matthew Holbrook:<br />> I haven't quite gotten my arms<br />> around what this equation tells <br />> us<br /><br />Well I think I have, sadly, gotten my arms around it. It scales DTI to the size of the population a second time since DTI is already scaled to the population.<br /><br />I think my post explains in way too much detail why this is meaningless, but consider another example:<br /><br />Why not average weight PER CAPITA?<br /><br />So in 1900: 130 lbs / 100 m = 1.3 <br /><br />in 2010: 180 lbs / 300 m = 0.6<br /><br />So relative to the total population, we've actually gotten smaller in size!<br /><br />I'd call that technically true, but idiotic.Mercy Vetselhttp://www.blogger.com/profile/15676766940333047243noreply@blogger.comtag:blogger.com,1999:blog-8827593588859813237.post-80752722859464302322012-04-17T14:36:24.743-07:002012-04-17T14:36:24.743-07:00You don't seem to understand the calculation. ...You don't seem to understand the calculation. He is not squaring the debt amount.<br /><br />First, the debt-to-income ratio is defined as:<br /><br />DTI = Debt / GDP<br /><br />which is the same as dividing per capita debt by per capita income<br /><br />DTI = (Debt/Population) / (GDP/Population)<br /><br />Divide both sides of this equation by Population and you get:<br /><br />DTI/Population = (Debt/Population) / GDP<br /><br />which is the same as:<br /><br />(Debt/GDP)/Population = (Debt/Population) / GDP<br /><br />So the equation is supposed to show the relationship among debt, GDP, AND population together, whereas per capita debt, per capita GDP, and debt-to-GDP each show a relationship between 2 variables.<br /><br />I haven't quite gotten my arms around what this equation tells us, but I don't think it is idiotic. Based on my historical knowledge of the Jacksonian period, there was a major effort by Old Hickory to bring down the national debt, which he did quite thoroughly. Political Calculation's equation and graph shows the steep decline quite clearly.Matthew Holbrookhttp://www.blogger.com/profile/05361123387514699709noreply@blogger.comtag:blogger.com,1999:blog-8827593588859813237.post-30931750067086650572012-02-16T12:31:51.446-08:002012-02-16T12:31:51.446-08:00Thank you for demonstrating why I don't trust ...Thank you for demonstrating why I don't trust statistics from wing-nuts like yourself.JSnoreply@blogger.com