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Taking maximas and minimas is only saying that the scale of GDP figures is interesting to look at. Like does it have 3 figured or 6 figures ? But that metric is
by ttoinou 1y ago
Taking maximas and minimas is only saying that the scale of GDP figures is interesting to look at. Like does it have 3 figured or 6 figures ? But that metric is easily done with others measures than GDP.
And yeah, if you study GDP its easy to see it’s a giant scam and the economy cannot be put into numbers. Qualities are better than quantities
- mmooss 1y ago> if you study GDP its easy to see it’s a giant scam and the economy cannot be put into numbers. Qualities are better than quantities You'll need to have some sources for that!
- ttoinou 11mo agoI don’t. It’s people who pretend the economy can be measured that should prove their point (they can’t)
- mmooss 11mo agoGDP has been studied and demonstrated for decades. I wonder if there are any economic metrics that are better studied.
- ttoinou 11mo agoIts an argument from authority. All those people could be wrong about what the economy is about, it does happen that 90% of people are wrong about something, collectively. And every country measures it differently. Even if it was really meaningful, by the simple Cobra effect it would be made meaningless
- mmooss 11mo agoIt's an argument based on research and expert consensus. What is your argument based on?
- intermerda 1y agoDo you have a historical example when a decrease in GDP in a country was accompanied with generally accepted increase in quality of life?
- ttoinou 11mo agoWhy would you need that ? GDP does not have good theoretical foundations. We don’t need to pretend it’s a natural science like biology, it’s constructed from bad statistics, it’s worth nothing