Must the future of a country be qualified only by its public debt?


In truth, instinctively, we already know the answer to this question but THE point is that by measuring just how complex we can gain new insight and the potential to make economies more resilient.

Why is the economy is so complex? The reason is that there are a lot of factors involved, these factors cannot be easily measured as mathematical variables, if we measure some of them, there are a lot of links among the variables that we have chosen, there is not a perfect mathematical model of these relationships, and there is a lot of uncertainty about the way that rulers will make decisions in the future and the consequences that will produce these decisions.

via October 2012: Must the future of a country be qualified only by its public debt? « Guru’s Analysis.