Re:I Am Tired of AI
by hyperadvanced on Friday September 27, 2024 @08:23PM
(#41676830)
Of course GDP increases when the money supply does. It’s like people being incensed at “record corporate profits” amidst inflation - profits will always be record (give or take) because remaining the same is losing money relative to the free money being minted each day, etc. For whatever reason, people naively buy into GDP as a valuable metric, even knowing well that there would be something extremely mysterious going on if that number somehow shrank while the real value of the medium exchange also shrank
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this is not how GDP works
Re:I Am Tired of AI
by Eisenstein on Saturday September 28, 2024 @04:44PM
(#41682849)
Since when did increasing money supply increase GDP? Why didn't that work for Zimbabwe?