Quote:
Originally Posted by jledou
Interesting, I am not an economist so my total understanding is limited in the big picture. This statement brings the numbers all down to a "personal" perspective since most of us tend to lose touch when talking about billions and trillions but fully grasp a couple hundred bucks.
This all being said, operation of personal finances are different than government and business so I wonder if being brought down to a personal perspective still makes everything make sense?
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I agree with you, Jay, the model is a little iffy in parts. Don't think national economics and personal finances line up precisely. It gives you a great perspective overall, but I'm betting the "income" side is based on GDP or something.
For comparisons, I'd be interested to see how we match up with other developed countries, using this same kind of model.