Tuesday, January 16, 2018

Why GDP Is Fake?!

Gross Domestic Product, or GDP, is the most commonly used measure and ranking of a nation’s economy. According to the OECD and Wikipedia, its definition is: “an aggregate measure of production equal to the sum of the gross values added of...
"Fact checker" Ballotpedia said that presidential candidate Jill Stein's claim that "one in two Americans remain in or near poverty" was "untrue according to most conventional measures and definitions of near poverty." But a responsible fact-checker should know that an issue...
By Paul Craig Roberts As an economist, I can't identify in history any economy whose affairs have been so badly managed and prospects so severely damaged as that of the USA. The frontpage headline story for the Labor Day weekend was...
Stanley Fischer, the 73-year-old vice chair of the US Federal Reserve, is familiar with the decline of the world's rich. He spent his childhood and youth in the British protectorate of Rhodesia, in present-day Zambia and Zimbabwe, before going...
Donald Trump has boasted that his policies will produce sustained 3%-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including on Wall Street and at the Federal Reserve,...

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