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(The Year 2012 In Review)
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|User Info||ECB Dissembles And Equivocates: Greece; entered at 2009-12-21 10:44:37|
Registered: 2009-01-13 Canuckistan
Really like your GDP idea, borrowing money as 'growth' for unproductive purposes...I think your charts sum how that is working out. |
Shame it is so difficult to calculate the marginal productivity of the debt currently going into our system, the GDP could also reflect how much of that 'growth' is productive money.
GDP should go completely, replaced by a more reflective metric that includes debt, a very basic quality of life index, employment levels and income, health care (punishing 'gdp' if the % expense is over an OECD average say..) and other technicals to get a real picture of how our free market capitalist SOCIETY is doing.