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A comment on Why America's economy is soaring ahead of its rivals. Parent comment

Re:Why America's economy is soaring ahead of its rivals by valval on Thursday December 05, 2024 @07:50AM (#42327723)
I also like the example where if you break someone’s window and they fix it for $300, that’s at least an extra $300 in GDP.
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Re:Why America's economy is soaring ahead of its rivals by adammarples on Thursday December 05, 2024 @08:58AM (#42328273)
But they would have spent the 300 on something else
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Re:Why America's economy is soaring ahead of its rivals by Sloowms on Thursday December 05, 2024 @11:01AM (#42329392)
The point is that someone who spent 300$ to be in the exact same situation as they were before but the gdp seemingly is doing well. So they could have had a window and a sofa but only have a window in the example. So the gdp is increased but the people are not better of.

This example also cuts into personal efficiency going up. Not needing a car or burning gas because of a badly insulated house is negative for the gdp but good for the wealth of individuals.

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Re:Why America's economy is soaring ahead of its rivals by Jensson on Thursday December 05, 2024 @09:28AM (#42328524)
No, many people save their money.
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Re:Why America's economy is soaring ahead of its rivals by grecy on Thursday December 05, 2024 @10:59AM (#42329377)
The best example is:

I give you $10,000 to eat a pile of shit.

You give me $10,000 to eat a pile of shit.

What's the result?

Two shit-eating grins and $20,000 added to the GDP.

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