Comment by 0cf8612b2e1e
2 years ago
Is that not the implicit agreement of capitalism? If I trade X dollars for a thing, I got something I value for it. Joy, revenge, boredom, or just a lighter load in the wallet. Something must have been gained. By definition, it seems that both economists gained the experience they wanted of watching the other debase themselves.
Yes. And GDP is a rough measurement of how much value is being created, in dollars.