>>GDP has long been criticized for being a poor metric for the economy. > yes by MMT supporters that want to ignore the classic model of economics in favor of

>>GDP has long been criticized for being a poor metric for the economy. > yes by MMT supporters that want to ignore the classic model of economics in favor of monetary manipulation for political purposes It's been said that a cancer patient going through an expensive divorce is the best contributor to GDP. You don't measure the health of a human by looking at their weight on a scale. When you go to the doctor for your annual checkup, they'll measure your BMI, blood pressure, body temperature, resting heart rate, and look at a few other indicators to get a very rough estimate of your overall health and how it compares to last year. GDP is one indicator among many to measure the health of the economy. An important one, yes, but looking at GDP without also looking at employment figures, inflation data, the markets, etc. would be tremendously silly.