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The economy has not been growing the whole time. It effectively collapsed during the pandemic, went offline, and restarted at lower capacity afterward. GDP also
by wakawaka28 3y ago
The economy has not been growing the whole time. It effectively collapsed during the pandemic, went offline, and restarted at lower capacity afterward. GDP also counts government spending, which is misleading as the government is not producing anything it purchases. As for the 1 trillion drop, if you look at the preceding 5 trillion dollar increase you'll see that 1 trillion is very conservative.
- bryanlarsen 3y agoThe economy grows about $1T per year, and therefore so should the money supply. We're up net $4T over 4 years. That's about right.
- wakawaka28 3y agoIt only took a $12 trillion increase in government debt since 2020 to produce that "growth" lol