4 ms·
> i’m extremely skeptical of people’s ability to view the economy from on high and pick out the “good, productive gdp” and the “bad, makework gdp”. Maybe in ge
by ramblenode 2y ago
> i’m extremely skeptical of people’s ability to view the economy from on high and pick out the “good, productive gdp” and the “bad, makework gdp”.
Maybe in general, but rent-seeking is a pretty large part of the economy by estimates I've seen.