• basmati
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    3
    ·
    29 days ago

    GDP, according to the economist that invented GDP, is not a measure of economic health

    • Kalkaline @leminal.space
      link
      fedilink
      arrow-up
      4
      arrow-down
      2
      ·
      29 days ago

      That’s not the point, the point is we’re not in a recession as economists define recession (not how Joe Biden defines it).

      • basmati
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        9
        ·
        29 days ago

        That’s nice dear, reality isn’t what the government says it is, and has never been anywhere near anything an economist has ever said.