The GDP is a controversial metric. Heterodox economists have a maniac of the Long politicians with the gold growth, indicate to their relatively recent Creation as a measure of national accounts and their limits as an indicator of a country of a country’s economic health. In 1972, Rome club Bounds to growth Report has supported ejected rise would be exhausted the natural resources of land, eventually the back to the “uncontrollable and the polilation and industry.” More recently, and less apocalizing, sredicts like Tim Jackson and ANS PETTIFORS they sustained that sembish claims refuse to grow growth and more others metrics to be economic economies for the advanced, particular economies. A bag of ink has been spilled with debating the merits of the damper, postal and green growth.
Trump administration you want to mess with the GDP for a reason totally related: I am worried that the accuracy of accuracy could make Trump seems.
In response to the Atlanta Fed’s Fed that inflation-adjuste gdp is on the verge of diminishing this quarter, elon musk recently wrote in x that the United States should change the way the gold measure to exclude government expense. He discussed that his inclusion means GDP tasks that “they don’t make people’s life.” Any potential dequence in killing this fourth, so it is just the result of their first successful endorses to the government expense.
Appear on the News Fox the last Sunday, Finurgine-Twiw Rinder Mendnick here we go Recommendation of musk. “You know the governments are put on place with the pik”, lutnick mused. “They count the government spend as part of the pib. So I want to separate those two and make transparent.”
There are fucking component have been used by private calculations and state-based state and the state and state is the local statistics – a federal buree registrate with independent federal body and the state of economic include the government’s spent. As the Bett Homes of Columbia School he said Barron, Collected all the money that the federal governments, states from new goods and services from the GDP will result in an estimate of the economy. ”
Musk and lutnick anxiety of the next GDP figures can be premature. New York Profesor Jw Mason’s Diff. University wrote to Good case To not take the Atlanta’s GDP forecast to the face of the face. But the details of this forecast also disapprove the point of muscle to the pib. The decay of the FED FDE FDE is driven by the lowest consumption and import growth, not reduced government.
I am still others in pib’s merits, that economists will be with what is lutnick the motivation of the pibs can make the white house, and change the manner that the gdp is calculated could make better.
We are noticed to suspend the mushnick and the lutnick are seriously lost these changes, which represents a previous unravel on the integrity of the government statistics. First this week, news broke that the White House has Desanded two expert committees working with the government to produce economic data.
Such money, while disturbing, is also administently attached an administration has scaled the inducational that are prepared inning to their own value. The white house this week stops a “Crypto summit“, And Plies To launch a strategic bitcoin reserve that you watched the US get enormous quantities of bitcoin and other cryptourceries in the next 5 years. The “memexine” for donald and Melania Trump, I am so faded 80 and 90 percentrespectively, from his first day of pre-inauguration day. These luck of products noted a place for pump and dump schemes So “market productors” Install coins of coins in order for buyers, then sell en-mask once the prices are high appropriate. Those who bought in hypes-who could believe the coins would be a good investment – they are left to practically maliable than one thousand money to acquire.
While crypto scympo are especially flagating about the bowls its own numbers, more respective respective sectors engage in similar tactics. Silicon’s fellowship’s companies has spent years of hunting fantastic ratings In companies who lost huge amounts, panorings from investors with excessive money to believe in charmatics departators who promised to disrupt everything Real estate immovable at Blood Test. I am As the technology stage after large recession, the shale boom In that one was possible by the rates of the rates in low and the will of foresters of forestors in awesome in someone who has made a land quite labbated.
The oil and gas industry past the best part of a dozen hemorrhaging cash Pierce how many more possible holes as much as possible in permit permission and other strokes. Bubble began to burst In 2014: Fossil carbes were too good to justify such massive amounts of expense; There was too much proposition and not enough question, and tens about the businesses wake up as the inters of golosing enrichances renewed. The industry lobbied To finish the long oil oil’s oil oil to find you to find a foreign buyers, treating foreign markets as an escape escape for domestic swallow. When the Covida-19 hit-and fuel question provising a recognition that had been in the works for years: they needed to make money. Although the offer administration ask them to drill more in 2022, companies that they recommend being their budget sheets in budge-refused by its new doctrine of “capital discipline“” Ie Drilling Menu to earn larger profits.
Ceas in Houston and Silicon Valley are both realized there are real limits for the rise – only the rome club spoke. Drillers have cleared by his shale boom binge. They have doubled on the most reliable parts of their business and gas, cut the fat and looking to ensure new Sources of question in amid afraid about the overseas. I am Promising you have to bring to new industrial revolutionTechnical impresses are again once prompting to turn the world. This time around, however his pitch is directed how much to the federal government as investors. Them. cannot make a lot of money on ai, but telling the white house which buildings of data centers and potatoes for power is a critical Security National Priority-Exiscare to beat China in the race for the future – can ensure lucrated files, regulatory rilies and defense contracts. Happy for the fossil carriage industry, all those new chip plants and data centers say they need to need a lot of energy.
It’s not a coincidence that the fossil squares and fairies are now all balls in all the backing trump. His economic interests are more aligned than ever, and intimately connected to the types of support that can continue to shake from the congress and white house. Although trump and their launders offer different things for larger strikers of repubrizani to teach them from its reality and dispute the planet; where you are profit and turn the society for the best; and where the GDP always grows so long Donald Trump is the President.