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Comment on If you're thinking about something and reach a conclusion that's super outside the mainstream, you could be right, but also could mean you should reinspect your assumptions.

dotslashme@infosec.pub ⁨4⁩ ⁨months⁩ ago

I think its pretty healthy to always check your assumptions. Some things that are mainstream are actually pretty crazy, but taken as normal because we’re used to them. For instance, GDP is a pretty crazy way to measure economic health.

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HeyThisIsntTheYMCA@lemmy.world ⁨4⁩ ⁨months⁩ ago

For instance, GDP is a pretty crazy way to measure economic health.

I know a lot of economists who agree with you, it’s just everything else we try to use to measure economic health on a macro scale seems to be worse. When your best tool is only 40% accurate, it sucks.

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alcedine@discuss.tchncs.de ⁨4⁩ ⁨months⁩ ago
Yeah, GDP really measures size rather than quality, people just end up ignoring the nuance.

GDP is also significant in that it directly influences how much revenue a government can raise by taxes, and so by proxy how much of public services it can provide. GDP growth also influences what amount of deficit it can sustain (though for various reasons that is not a straightforward relationship as with tax revenue).

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