Livewire news update on the usefulness of GDP as a measure of 'growth' in the digital age was a great read. Leads one to question the other 'flaws' in GDP as...

Jordan Eliseo

Livewire news update on the usefulness of GDP as a measure of 'growth' in the digital age was a great read. Leads one to question the other 'flaws' in GDP as it were, which is merely a measurement of spending growth, not necessarily a growth in prosperity. As anyone whose ever gone for a long weekend in Las Vegas would attest, it's not hard to experience spending growth there, but very few leave Sin City in a more prosperous state For my money, GDP is a flawed measurement, or at the very least, its usefulness as a measurement of overall prosperity is severely limited in todays world for two major reasons 1 - the modern family, where two parents are typically working, either through choice or necessity 2 - the unimaginably large role government plays in society today, compared to 100 years ago. Full blog on this subject available here (VIEW LINK)


Jordan Eliseo

ABC Bullion Chief Economist. Gold bull since early 2000s, have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and causes of the GFC. Lover of markets, competition & technology

Expertise

economy gdp wealth

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