Inflation is deducted from the GDP. If the inflation figures were reasonably accurate (instead of completely fabricated) we would have a negative GDP. Because that is the reality of our economy. It is shrinking, not growing.
This is so eerily reminiscent of the soviet’s domestic propaganda in the 60s.
I bought a piece of open land in 1976 for $9000.00, the owner financed it and it wound up costing me about $13000. including interest. I sold it in 1996 for $30000. I was amazed how many people thought I had really done well on the deal. According to my calculations, I lost money on it once you factor in inflation along with interest, property taxes and all the rest.
Not just the 60's. For seventy years. And the "Ministry of Truth" which now is the face of the Obama regime is no more realistic or reliable.