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That example would make sense if anyone was thinking or arguing that every individual transaction that increases GDP is inherently good simply because it increa
by baddox 8y ago
That example would make sense if anyone was thinking or arguing that every individual transaction that increases GDP is inherently good simply because it increases GDP. But I don't think anyone has that narrow of a focus on GDP. Obviously no one enjoys needing to spend money for medical issues.
- PeterStuer 8y agoIf you are part of the 'financial' economy (not looking profit through production but rather from arbitrage or intermediation, the old using money to make money), then that narrow focus on GDP serves you very well as it correlates directly with your opportunity.