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It's not a good one though, because weird effects like the AI bubble incest investment web artificially blow up the GDP, and because it doesn't reflect the econ
by mschuster91 10mo ago
It's not a good one though, because weird effects like the AI bubble incest investment web artificially blow up the GDP, and because it doesn't reflect the economy "feeling" the population experiences.
To expand on the latter point - say you have automation enabling more economic growth. A significant amount of people lose their jobs, others are afraid they'll be the next ones on the chopping block, and people hold their money together as a result - if you ask general people on the street or in representative surveys, you'll get the feedback that the economy is going to the dogs, but "the numbers" don't reflect that.
- WalterBright 10mo agoHere in Washington state, they are heaping taxes on us in unprecedented amounts. That's not going to help affordability at all. https://www.wsj.com/opinion/washington-states-tax-blitz-497e7f61 https://www.wsj.com/opinion/washington-states-tax-blitz-497e...