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An interesting take on GDP
bronco2078
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September 23, 2014 12:30AM
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Precious Metals
Saw this post this morning and found myself agreeing with a lot of it.
GDP= WASTE
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derryb
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September 23, 2014 1:24AM
I find Money Velocity to be a better indicator of economic growth. Unfortunately our economy is currently shrinking.
Give Me Liberty or Give Me Debt
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bronco2078
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September 23, 2014 1:29AM
I think what he is suggesting is that a lot of what is being measured is pointless economic activity. If you remove busy work or make work somehow then the numbers would be truly horrible.
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coolest
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September 24, 2014 3:42AM
I think all the debt is allso added to the GDP. Why, you ask? The more you spend the more you make! What a great deal!
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bronco2078
Posts: 9,964 ✭✭✭✭✭
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Give Me Liberty or Give Me Debt
I think what he is suggesting is that a lot of what is being measured is pointless economic activity. If you remove busy work or make work somehow then the numbers would be truly horrible.