Before It's News | Popular Money
Fake It Until You Make It
Andy Sutton One of the most laughable of all government statistics is Gross Domestic Product or GDP. Obviously, GDP is a very political number, given that it is the main way economists, policymakers, and to a somewhat lesser extent, the public, interpret the direction and velocity of the economy. It is one of the main ways we determine if the economy is growing or contracting. In many ways, GDP is one of the main components of what determines economic history and it was already a grossly distorted measuring tool before the latest tinkering job.
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