Oddbean new post about | logout
 GDP is such a nothingburger metric. "Consumption" and "investment," whether personal, private, or governmental, aren't accurately representative of economic health, ESPECIALLY when they're primarily fuelled by debt. 
 Good take. Such a fiat metric pumped by fake credit “money”. Lol the formula is just “add it all together” 😂 
 The epitome of clown world behavior. 
 It's also on its face impossible to measure.  You can estimate or guess but it's akin to measuring every blade of grass on your lawn and adding them all up to see how much your lawn grew. 

It's mostly made up along with the employment numbers.