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To: libh8er

It’s surprising that so many here don’t question the validity of the statistics behind the claim that the Indian GDP has overtaken Great Britain. I don’t believe it. Not at all. And I’ve never believed that the Chinese GDP ever overtook Japan, either. We shall soon see in our new Trump-world that these sorts of claims are just propagandistic horsedung. Like the continuous claims made by the world-wide left-wing media that the US has been overtaken by some socialistic backwater or other in some quality-of-life or economic matter, usually Green-driven or tyrannically inspired. We just witnessed the greatest repudiation of the claims of all of the left-wing media outlets with Trump’s victory. Why do we continue to accept their lies uncritically? We all should know better now.


23 posted on 12/21/2016 3:48:58 AM PST by DrPretorius
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To: DrPretorius
I don’t believe it. Not at all.

Neither do I. All of these government statistics (including our own) are compiled by summing up prices of goods and services sold. When a government is actively manipulating those prices either by subsidy or by regulation or by tariffs then the resulting statistics are polluted.

29 posted on 12/21/2016 5:06:00 AM PST by SeeSharp
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To: DrPretorius

“According to economic historian Angus Maddison in his book Contours of the world economy, 1–2030 AD: essays in macro-economic history, India had the world’s largest economy during the years 1 AD and 1000 AD.[17]”

....from Wiki


37 posted on 12/21/2016 9:46:18 AM PST by entropy12 (Officially POTUS on Dec 19th!)
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