Daily reminder that “higher GDP is good for the economy” is now a wildly disproven myth from the days before economics was a science, by a guy who said we’d get a 15 hour work week.
Monetary inflation is bad. The nitwits who jump in saying “ackchually velocity” are suckers who paid to learn the lie, whose jobs may depend on the lie, and would be very embarrassed to be wrong. Bailouts weren’t the exception - they’re the rule.
We’ve been robbed by the 0.1% and don’t need to take it anymore.
Adding to this: GDP only measures the amount of money spent on stuff, not the actual value of the things. That’s one of the reasons that makes economists think untouched nature is bad, it doesn’t contribute to the GDP
Daily reminder that “higher GDP is good for the economy” is now a wildly disproven myth from the days before economics was a science, by a guy who said we’d get a 15 hour work week.
Monetary inflation is bad. The nitwits who jump in saying “ackchually velocity” are suckers who paid to learn the lie, whose jobs may depend on the lie, and would be very embarrassed to be wrong. Bailouts weren’t the exception - they’re the rule.
We’ve been robbed by the 0.1% and don’t need to take it anymore.
Adding to this: GDP only measures the amount of money spent on stuff, not the actual value of the things. That’s one of the reasons that makes economists think untouched nature is bad, it doesn’t contribute to the GDP
So… When is that gonna happen?