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My googling for the sum of USD hasn't been fruitful if you don't mind providing a link. I do take issue calling an anual arbitrary. It's a very common denomina
by joe_guy 4y ago
My googling for the sum of USD hasn't been fruitful if you don't mind providing a link.
I do take issue calling an anual arbitrary. It's a very common denominator used in finances. ie, you pay taxes anually. Don't attempt to tell the government it's arbitrary. To be pedantic, everything is arbitrary, even the value, the amount of, etc of USD, invadating this entire discussion.
As a society we agree upon things. A year is not an arbitrary unit of time.
- marcosdumay 4y agoLooks like the US has a tank with the same "name" as the real-money supply. But here's a link: https://tradingeconomics.com/united-states/money-supply-m1 https://tradingeconomics.com/united-states/money-supply-m1 Personally, I doubt anybody putting much relevance on M1 or M1'. But that's a 20% change in 1 year, what is quite large and probably has had some impact somewhere.
- ChrisLomont 4y agoAnnual is arbitrary since it's a random fact of earth. If nothing else changed except we just happened to have a 6 month year, then GDP is half, and comparisons of that rate to an amount would now be completely different. Comparing them is like comparing gallons as a number and speed of a car as a number, and ignoring that speed in mph or km/h or m/s will give different answers. Sure there are relations, but they're not comparable as ratios.