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I specifically didn't reference the psychological effects that are also a huge problem. Those just have to be assumed by reasonable humans. Hostility creates ma
by MawNicker 10y ago
I specifically didn't reference the psychological effects that are also a huge problem. Those just have to be assumed by reasonable humans. Hostility creates material problems that we can actually analyze. We can form metrics for the utilization of goods and calculate their actual value to the human's that buy them. It's just a lot more complicated. Businesses do these sorts of things for themselves internally. They're not as deterministic as GDP is. The models change slightly over time. The signal gets noisy. GDP is easier to optimize against for this reason. It isn't jumping around when we're standing still. We know when we're actually moving. We don't know where but it's better than noise. We think. Besides, no one has proven that GDP is a terrible metric. That and these other systems are just so complicated... How do you ever know if they're "right"? You win. As in beat the market. Nobody is winning on behalf of the government. They're too busy winning elsewhere.