4 ms·
To think that people yell at me when I say that the US's higher-than-Europe GDP doesn't mean that the US has a higher quality of life...
by clock_tower 10y ago
To think that people yell at me when I say that the US's higher-than-Europe GDP doesn't mean that the US has a higher quality of life...
- jessaustin 10y agoHaha yelling is a sign of confusion...
- clock_tower 10y agoGood point! People -- including people who should really know better, like government economists -- have been sold GDP as the economy's high score. (Think of Il Sorpasso, when Italy's GDP first passed England's.) It was never intended as more than a best guess, and is one of the many temporary measures for WWII that are still with us today...