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To: marstegreg
Why in the world would we be spending more in this environment?

Rising prices. We're spending more money to buy the same number of goods -- or maybe fewer. GDP is supposedly adjusted for price inflation, but it's a guess; and that guess is always on the low side.

The only reason GDP can increase at all is inflation. If the number of dollars were held stable, GDP would never change -- it couldn't. That doesn't mean the economy couldn't grow -- prices would be forced down.

But GDP would be exposed for what it is. A nonsense measurement.

16 posted on 10/28/2011 7:27:07 AM PDT by BfloGuy (Even the opponents of Socialism are dominated by socialist ideas.)
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To: BfloGuy

So we’re being gouged again, just in a different way?


17 posted on 10/28/2011 7:31:34 AM PDT by marstegreg
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To: BfloGuy

Interesting observation & GREAT tagline. Thanks.


26 posted on 10/29/2011 10:22:23 AM PDT by PGalt
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