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Seems to me the idea of declaring a shrinking economy in terms of $ doesnt make sense. What if the average price of things is dropping (eg Healthcare)? To me i
by maerF0x0 12y ago
Seems to me the idea of declaring a shrinking economy in terms of $ doesnt make sense. What if the average price of things is dropping (eg Healthcare)?
To me it seems the goal should just be how much stuff did we make? If that number went up, then good (except corn).
- jiggy2011 12y agoHow would you define "stuff" and "make"? Especially with regards to financial services etc.
- imaginenore 12y agoWhen it comes to the financial services, we can simply measure the cocaine consumption.
- pessimizer 12y ago>Seems to me the idea of declaring a shrinking economy in terms of $ doesnt make sense. What if the average price of things is dropping (eg Healthcare)? We know what inflation is, and that the price of healthcare is not dropping. >To me it seems the goal should just be how much stuff did we make? If that number went up, then good (except corn). We also know about the trade deficit: http://www.businessinsider.com/us-trade-balance-march-2014-2014-5 http://www.businessinsider.com/us-trade-balance-march-2014-2...
- bengali3 12y agoDo you mean the total creation of goods in the US? To compare apples to oranges (literally) we compare their dollar values and call it GDP. comparing the 'count' of things wouldn't be as useful as we could make a whole bunch of things that no one wants and call it productivity.
- lotsofmangos 12y agoWhy do you think a rise in corn production is bad? Also, in what units are you going to measure the total amount of stuff made, if not in currency?