yes exactly right. that's why i also wrote i put that in "that joe biden's debt program works in some form. of course it's all bullshit. What matters most are productivity figures, and that's where things look bad

GhostofTruth

GDP is a measure of all financial transactions in a period....thus it also winds up just measuring inflation. So its hard to even untangle if it paid off based on just the GDP numbers.

As an aside, imagine two islands: Island 1 has 99 chickens and each sold for $1, Island 2 has 1 chicken and it sold for $100....which is the "richer" nation? (Note: Island 2 has the higher GDP).

econ

Biden's Gigantic Debt Strategy 'Pays Off': US Econ Surges Beyond Expectation

GDP is a measure of all financial transactions in a period....thus it also winds up just measuring inflation. So its hard to even untangle if it paid off based on just the GDP numbers. 

As an aside, imagine two islands: Island 1 has 99 chickens and each sold for $1, Island 2 has 1 chicken and it sold for $100....which is the "richer" nation? (Note: Island 2 has the higher GDP).

