Global debt is exploding, and Harvard economist Kenneth Rogoff thinks that a new debt crisis is bound to follow the latest financial one.
Indirectly supporting the above thesis is a well-crafted and fascinating "Global Debt Clock" now maintained by The Economist. But before you check out the clock, glance over a recent piece by Joseph Stiglitz that smartly warns about the alluring, dangerous, and ultimately deceptive "fetishism" the world has on statistics.
(Cartoon Credit: The Korea Times)
Posts
The piece by Stiglitz seems to be more concerned with the overriding use of GDP rather than claiming that all statistics are bad.
ReplyDeletethat's legit. yes, i should have been more precise.
ReplyDeletethanks for reading,
- josh