>The GDP would be 10 times higher. It wouldn't be a lie. That would mean Venezuela, top in the world for printing money, has the highest GDP growth. Zimbawe an

>The GDP would be 10 times higher. It wouldn't be a lie. That would mean Venezuela, top in the world for printing money, has the highest GDP growth. Zimbawe and Argentina would be next.[1] In the event one might claim they are, here[2] is the actuall GDP growth rate by country. >As for GDP it is generally accepted that setting up a free market and leaving it alone maximises the GDP. The highest per-capita GDPs are in exactly those countries which monitor and adjust the market, for example the Scandaniavn countries. And in the US, the period 1945-1980 saw vastly more regulation and taxation than 1980-today yet vastly greater growth. So evidentilly, modest regulation and taxition and zealous anti-trust enforcemnt are actually good for an economy. Far from generally accepted, very few economist disregard all evidence and assert zero regulation means maximum growth. > Inequality is not a problem - people can't even detect inequality! The existence of inequality is not remotely controversial and is trivial to measure, for example with the GINI and even the absurdly blunt Elephant Curve. And indeed, vast swathes of the population very much feel the decline in their quality of life and say so loudly and are electing lunatic politicians as a consequence. Actually, if you happen to have a reference, I'd be interested in where one hears that printing money increases the GDP, inequality is undetectable and ending anti-trust enforcement et al makes a market healthier. >doesn't involve confiscation and redistribution of some form or another One could call gasoline tax "confiscation" bridges toll "redistribution" and, on the other side, call rent "theft". Calling stimulus spending "confiscation" is as extreme as saying that wealth was "stolen from the proletariat in the first place". I humbly suggest it is not helpful. At any rate, as further proven by this paper, the solution to both QoL declines created by inequality as well as a stagant GDP is a wealth tax used to increase consumer spending power. > the elephant curve can reasonably be interpreted as a massive success story that we can all be proud of as millions are lifted up to a better standard of living. Then how is ridiculing its reality a refutation of this paper? And the rise of devolping countires is not in dispute. The problem at hand is the preciptous decline for those who lost out and who are still loosing. And who, as it turns out, are the middle and lowerclass members of the richest countries which also contain the people that benefited by far the most. [1]https://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate https://en.wikipedia.org/wiki/List_of_countries_by_inflation... [2]https://data.worldbank.org/indicator/ny.gdp.mktp.kd.zg https://data.worldbank.org/indicator/ny.gdp.mktp.kd.zg