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To: AndyJackson

GDP is a worthless measure of snow economy nowadays.

Literally, a government prints a trillion and spends a trillion and !poof! - a trillion is added to the GDP.


2 posted on 07/17/2022 3:03:03 PM PDT by 2banana (Common ground with islamic terrorists-they want to die for allah and we want to arrange the meeting)
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To: 2banana

Not so. GDP figures are based on the inflation adjusted net value of economic activity, not on the money supply.


7 posted on 07/17/2022 3:23:00 PM PDT by Rockingham
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To: 2banana
In the first place, until the Russo-Ukraine War, consider how irrelevant and inconsequential Russia was.

Which is why the EuroWeenies are deucing their drawers like a Biden over what's going to happen on July 22nd, this Friday.

Will Nordstream 1 come back on line? TOTALLY irrelevant and inconsequential.

19 posted on 07/17/2022 3:41:32 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: 2banana

Ask the Ukes living in the ruins of their short-lived country.


34 posted on 07/17/2022 4:20:32 PM PDT by WMarshal (Neocons and leftists are the same species of vicious rat.)
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To: 2banana

“GDP is a worthless measure of snow economy nowadays. Literally, a government prints a trillion and spends a trillion and !poof! - a trillion is added to the GDP.”

I think you have a great point. Dollar to dollar comparisons of economies might be useful, but to say today we have X dollars compared to yesterday is ridiculous since we inflated our economy artificially.


97 posted on 07/17/2022 6:33:44 PM PDT by CodeToad (Arm up! They Have!)
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