Wednesday, May 4, 2011

domar ratio and more

state and local public debt
corporate debt
personal debt
intra-financial debt
these are the zones of debt outside the domar ratio of federal debt

one point
the public to private ratio not just on the issuer side but on the holder side as well

obviously state and local debt oughta be publically own in higher ration with federal transfer systems in place to maintain job and out put targets
by a tie in to tax and payment structures
the intra financial sector could be socialized more completely by increasing the public holding share
even as the public share of federal debt can be raised
in education loans mortgages
start up
and small cap business loans

all these ratios  have dash board worthy signifigance
but none even in aggregate  and despite high non public holding rations
represent limits given their purely nominal inter temporal payment grids