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An interesting take on GDP

bronco2078bronco2078 Posts: 10,229 ✭✭✭✭✭
in Precious Metals


Saw this post this morning and found myself agreeing with a lot of it.

GDP= WASTE

Comments

  • derrybderryb Posts: 36,836 ✭✭✭✭✭
    I find Money Velocity to be a better indicator of economic growth. Unfortunately our economy is currently shrinking.

    Natural forces of supply and demand are the best regulators on earth.

  • bronco2078bronco2078 Posts: 10,229 ✭✭✭✭✭


    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.
  • coolestcoolest Posts: 2,281 ✭✭✭
    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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