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Well, show me a perfect metric that doesn't have similar edge cases? For example, income has its own issues -- a retiree can have little income but a big retir
by smallnamespace 10y ago
Well, show me a perfect metric that doesn't have similar edge cases?
For example, income has its own issues -- a retiree can have little income but a big retirement fund to draw down.
In an ideal world, you'd probably measure something like current net wealth + discounted expected future earnings, and maybe use PPP instead of GDP, except now you're trying to measure two things accurately instead of one, and making guesses about the future too.