5 ms·
It seems to me that the stock market or GDP are very bad measures for the economy. Maybe we should look more at average purchasing power or something like that
by Ididntdothis 6y ago
It seems to me that the stock market or GDP are very bad measures for the economy. Maybe we should look more at average purchasing power or something like that which actually has real meaning for the regular citizen. The stock market seems to have turned into its own system that’s detached from the experience of most citizens.
- SpicyLemonZest 6y agoMetrics like that would be a lot more directly meaningful, but the problem is they're impossible to measure. How would you find out what the average purchasing power is on a day-to-day basis?
- Ididntdothis 6y agoOn a day to day basis it would be hard but I think a lot of long term policies could be modified for this goal.
- SpicyLemonZest 6y agoI think they are. Plenty of people talk about the wealth gap and such. There's just no single number to condense the "average people ought to be able to get a lot of stuff" intuition.