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@NEETzsche @dave
And before you ask, I am at an economic school because their marketing was fraud in every sense except for the legal one.

@NEETzsche @dave
Thanks.

I am about to finish economics uni, and let me tell you... economics might actually be on par with gender science in respect to how much do people have to be delusional to make the shit up.

@LukeAlmighty GDP doesn’t measure production, it measures recorded transactions.

What if I raise some chickens as you’re building up a cattle ranch and then we swap eggs for milk? How much does GDP increase? None, because the transaction isn’t recorded.

What if I build a big, fancy house or of materials that are on my property, and don’t sell it? How much does GDP go up? None, because there’s no transaction.

You know what does make it into GDP? Rent.

@dave

@NEETzsche @dave
It should measure production. Is there something I'm missing?

(Also, measuring production without price of that production or passive costs of society is a joke to be sure.)

@dave
Yes, but GDP is a ridiculously bad measurement of people being rich. All it does is say, how much they work.

All I'm saying is, that as long as nation has both food and energy covered, they are going to be OK, no matter how "bad the economy gets".

On the other hand, Europe is fucked right now...

@dave
Not really.
Russia is a self-sustaining coutry, so not being able to trade is not a real issue, unless it stays disconnected for at least a decade. (I would guess)

@quid This is why I hate the cis-normative systems, that are opressive to chad genders.

I'm 95 percent sure, he would preffer to have 2.

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