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huem0n | 4 months ago

Can we agree GDP is a bad metric even if Palladium's arguments have problems?

I mean it is good to correct the record on value-added whatever. But let's not miss the forest focusing on one tree: GPD can go up from car crashes, natural disasters -- hell it goes up for totally economically-neutral actions like if I sell a car today, then buy it back for the same price tomorrow. It doesn't account for borrowing aganist the future, it doesnt account for income inequality, environmental degradation, etc. It is simply how much money is swirling around. As a measure for economic prosperity or quality of life, it is truly terrible.

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