The model has b(t) in absolute terms, not relative to GDP. | by Alexander Douglas | Medium

“…the real value of bonds, b(0) is equal to the sum of future surpluses…..plus

Ralph Musgrave

Alexander Douglas

1 min readFeb 9, 2018

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The model has b(t) in absolute terms, not relative to GDP.

Alexander Douglas

Written by Alexander Douglas

Lecturer in Philosophy, University of St. Andrews — personal website: https://axdouglas.com/

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