Sir,Congratulations on the superb article "Privatisation and the national debt: what is to be done" (News Weekly, February 9). Australian GDP growth is impressive when measured in Australian dollars.However, as Professor Endersbee points out, clearly the situation is far more sobering when GDP is adjusted for the changing international value of our dollar. In recent years our exchange rate and overseas purchasing power have decreased substantially, so if our GDP were measured in US$ in…
