3 ms·
I'm not convinced GDP is what we want per se. It's a secondary indicator of what we want, but it's also possible to boost GDP by inflating asset, debt, and inve
by api 10y ago
I'm not convinced GDP is what we want per se. It's a secondary indicator of what we want, but it's also possible to boost GDP by inflating asset, debt, and investment bubbles, and otherwise moving money around un-productively or even counter-productively. This is particularly true in the short term.
What we want is productivity, development, and innovation. Those are primary things that like "good science" in the academic case are not easily distilled into simple measures that can be set as targets.