Credit to @exjon for the chart.
It’s arguably better than the typical debt-to-GDP ratio, because it shows debt-to-revenue. GDP is more like GMV of a marketplace, whereas revenue is what the debt would actually get paid out of. https://t.co/WM2uG0KxcV
— Balaji (@balajis) May 2, 2023
e = get, head
Dive into said