Can American and Chinese statesmen find their way to a relationship that is simultaneously a rivalry and a partnership? The Biden administration believes that its strategy of “competitive coexistence” is a big step in that direction
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
Tomorrow’s Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.
Turns out the only valid™ measure of the economy, is the total citizens medical debt.
USA No.1!!!
So, the unadjusted GDP per capita and the inflation metrics that don’t include essential spending then?
A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.
They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.