Hi David! I have a few long winded questions, bear with me here!
Could changing what counts toward GDP actually lessen the chances of countries falling into recession or even economic collapse? Or would it just be another way of massaging the numbers to make things seem better than they really are?
Why do you think we're so wedded to GDP, even though in the grand scheme of things it's a fairly new concept?
Do you think we should scrap it completely and measure the economy another way? If we were to get rid of GDP what could replace it? Are there any countries that are currently this?
DiscombobulatedBall3 karma
Hi David! I have a few long winded questions, bear with me here!
Could changing what counts toward GDP actually lessen the chances of countries falling into recession or even economic collapse? Or would it just be another way of massaging the numbers to make things seem better than they really are?
Do you think we should scrap it completely and measure the economy another way? If we were to get rid of GDP what could replace it? Are there any countries that are currently this?
Thank you!
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