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That's exactly what I was getting at
Posted by Tim (more from Tim) on Fri, 9 Jul 2010 19:37:48
In Reply to: WRONG!!!!!!!!, andym, Fri, 9 Jul 2010 18:17:33
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The methodology of GNP/GDP commingles prices (which are signals for production) generated by a relatively free competitive market place with utterly artificial prices ordained by government officials. The result is essentially a cover for government take-over the economy.
That's exactly the point that I was trying to get at: never confuse GNP/GDP with real economy / economic health. GNP/GDP numbers/methodology were designed to be misleading from the very beginning, in order to justify government spending in the 1930's, especially those in Germany and the US, for building Hoover Dam, TVA, Autobahn, VW, etc., and eventually battleships, panzers, aircrafts and bombs to kill each other.
posted by 71.184.95...
Posts in this Thread:
- Economy - double dip and investments?, pete , Thu, 8 Jul 2010 16:38:39
- Re: Economy - double dip and investments?, john Myers, Fri, 9 Jul 2010 23:00:39
- The economy is always cyclic. But what we have now, Noel, Fri, 9 Jul 2010 11:55:41
- Re: Economy - double dip and investments?, lowbar, Fri, 9 Jul 2010 08:30:14
- Re: Economy - double dip and investments?, No Snaab, Fri, 9 Jul 2010 08:06:13
- Re: Economy - double dip and investments?, Robert, Thu, 8 Jul 2010 17:35:09
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