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Nobody said that pursuing GDP inflation was actually a good idea. It's just an example of how GDP and income are not the same.
by twblalock 10y ago
Nobody said that pursuing GDP inflation was actually a good idea. It's just an example of how GDP and income are not the same.
- vivekd 10y agoI don't know what you are reading but that post had nothing about income or the relationship between individual income and GDP: >Increasing the GDP is easy. First, pay me 50$ to dig a hole. Then I pay you 50$ to fill the very same hole. We created nothing but the GDP increased by 100$ (well, tax aside). there's nothing about individual income there.
- twblalock 10y agoYeah there is. People are getting paid to dig holes.