Believe it or not, GDP was created by Keynesians and reflects an anti-business bias. Economist Mark Skousen explains that there's a better way to measure economic activity.
1 posted on
02/08/2018 3:28:35 PM PST by
sloop3
To: sloop3
2 posted on
02/08/2018 3:44:58 PM PST by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: sloop3
Does Gross Output include Miley Cyrus, Lady Gaga, The Kardashians, Will and Grace, the Star Wars prequels and postquels, etc.?
To: sloop3
more accurate measure of total spending in the economy. It measures spending or sales at all stages of production.The thing of it is if we keep offshoring there will be no gross output at all. That's is the trajectory the Free Traitors™ have us on.
4 posted on
02/08/2018 3:48:20 PM PST by
central_va
(I won't be reconstructed and I do not give a damn)
To: sloop3
Didn’t read the article.
It’s coming from “Freemarketcentral”.
My guess “freetraitors”.
Gross output includes the value of all the parts you import and treats it as though you produced that here.
5 posted on
02/08/2018 3:48:33 PM PST by
DannyTN
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