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306 sats \ 4 replies \ @0xIlmari 15 Feb \ on: GDP is a Poor Measure of Economic Health econ
On top of the issues you mentioned, it is also measured in units whose value is manipulated.
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128 sats \ 1 reply \ @tomlaies 16 Feb
There are inflation-adjusted GDP charts tho
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0 sats \ 0 replies \ @Undisciplined OP 16 Feb
Right, but there are many problems with inflation adjustments, too, and lots of room for intentional manipulation.
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126 sats \ 0 replies \ @jeff 16 Feb
Thats the biggest rug of everything. People assume then posted inflation rate is the actual inflation rate.
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0 sats \ 0 replies \ @Undisciplined OP 15 Feb
That does seem like a problem. :)
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