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If two trillionaires bounce a 4 trillion dollar IOU, the GDP could be the greatest in the universe, even though nothing would substantially change.
by Ygg2 5mo ago
If two trillionaires bounce a 4 trillion dollar IOU, the GDP could be the greatest in the universe, even though nothing would substantially change.
- munksbeer 5mo agoLiving standards for the median person in the world improve every year, and have done for decades.
- valleyer 5mo agoThat's not what GDP means.
- FrustratedMonky 5mo ago"(GDP) measures the total market value of final goods and services produced" It can be circular. MS invests 5 billion in OpenAI. OpenAI invests 5 billion in MS. Do we have 10 billion now?
- valleyer 5mo agoNo goods or services were produced in your example, so GDP would not be affected. Purchases of securities are not goods or services.