Comment by twblalock
10 years ago
Nobody said that pursuing GDP inflation was actually a good idea. It's just an example of how GDP and income are not the same.
10 years ago
Nobody said that pursuing GDP inflation was actually a good idea. It's just an example of how GDP and income are not the same.
I don't know what you are reading but that post had nothing about income or the relationship between individual income and GDP:
>Increasing the GDP is easy. First, pay me 50$ to dig a hole. Then I pay you 50$ to fill the very same hole. We created nothing but the GDP increased by 100$ (well, tax aside).
there's nothing about individual income there.
Yeah there is. People are getting paid to dig holes.