>This simply applies democratic norms to economic questions. Democracy prioritizes the preferences of the median voter, and medianism extends this idea to econo

>This simply applies democratic norms to economic questions. Democracy prioritizes the preferences of the median voter, and medianism extends this idea to economics. Democratic norms are what produced this recession. “When the people find they can vote themselves money, that will herald the end of the republic.” -Benjamin Franklin https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth The USA is in recession. The US government increased debt by ~6 trillion since covid started: https://tradingeconomics.com/united-states/government-debt https://tradingeconomics.com/united-states/government-debt ~5 trillion was printed.: https://tradingeconomics.com/united-states/money-supply-m2 https://tradingeconomics.com/united-states/money-supply-m2 Which is causing 9.1% inflation: https://tradingeconomics.com/united-states/inflation-cpi https://tradingeconomics.com/united-states/inflation-cpi This recession the USA just entered is the same recession as the one which started in 2020. The government can print significant unexpected money to temporarily boost GDP. https://tradingeconomics.com/united-states/gdp https://tradingeconomics.com/united-states/gdp Except only about 2 trillion made it to gdp. The US government's leaky bucket can be measured at about 28%. 72% of US tax money is going into the firepit. It worked, they temporarily boosted the GDP numbers to pretend like there wasnt a recession. When they stopped printing money, gdp dropped because the recession never left. You know what I really wish to see produced for all countries? Real GDP adjusted for government debt.