Re:We’re Measuring the Economy All Wrong
by PeterStuer on Friday September 14, 2018 @03:04PM
(#17989929)
You assume that all money would be constantly spent. Maybe in the US, but in other parts of the world people do save money for these 'unforeseen emergencies', and that money is then 'unlocked'.
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Re:We’re Measuring the Economy All Wrong
by hyperpape on Friday September 14, 2018 @03:19PM
(#17990070)
In which case, GDP in the US isn't overstated because of the costs of caring for the sick. That's a bit awkward for your point of view, since the US has the largest economy in the world, and the highest per capita income of any large country[0]. Where does the GDP is overstated line apply?
[0] 10 million or more people, by my current arbitrary definition of "large".