73 sats \ 1 reply \ @freetx 28 Mar \ on: Biden's Gigantic Debt Strategy 'Pays Off': US Econ Surges Beyond Expectation econ
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).
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62 sats \ 0 replies \ @TomK OP 28 Mar
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
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