3 ms·

I'm not sure there is such a direct relation between GDP and amount of money in circulation. The same $1 can be spent many times in a year and add to GDP each t

I'm not sure there is such a direct relation between GDP and amount of money in circulation. The same $1 can be spent many times in a year and add to GDP each time. (I also wish we would stop thinking in terms of GDP, or that it's better to have a higher one)

gffrd 4y ago
Interesting! What would be a better way to think … or, what is harmful about GDP thinking?