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for the past 40-50 years there has been a systemic bias against savers
GDP's formula is:GDP = C + G + I + NXC = ConsumptionG = Total government spendingI = InvestmentNX = Net exports
There are no savings here, only spending. Even war will contribute to economy with this formula.
GDP's formula is:
GDP = C + G + I + NX
C = Consumption
G = Total government spending
I = Investment
NX = Net exports
There are no savings here, only spending. Even war will contribute to economy with this formula.