Why GDP is a Poor Measure of Economic Health
November 23, 2020
The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy, even a small cut in spending can send workers to the unemployment line and shutter businesses.
In this episode, John Flaherty and Keith Weiner discuss why GDP is such a poor measure of economic health, while also suggesting a much better alternative.
Additional Resources:
Additional Resources:
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