Can American and Chinese statesmen find their way to a relationship that is simultaneously a rivalry and a partnership? The Biden administration believes that its strategy of “competitive coexistence” is a big step in that direction
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
So, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.
Turns out the only valid™ measure of the economy, is the total citizens medical debt.
USA No.1!!!