Bare Naked GDP – the Worthless Indicator
China, GDP, ghost cities, growth, inflation
It never ceases to amaze me that supposedly intelligent people use GDP as a measure of the health of national economies. Perhaps I should specify “unadjusted GDP”. Perhaps these people don’t realize that government spending is included in GDP?
So total GDP is NOT a measure of economic health, or growth. It is simply a measure of total spending by all sources – which means absolutely nothing in any real sense.
NO $HIT LOLLLLLLLL
Thanks meme.......
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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