NVIDIA gives $100 billion to OpenAI, OpenAI gives $100 billion to Oracle, Oracle gives $100 billion to NVIDIA, and so the economy grew by $300 billion! This is a rational and well designed economic system and it isn’t at all extremely stupid.
they’re literally doing the whole economists in the woods joke
*angry Marxist noises*
Im sure this is vapor but if i buy 100 bux of iron from a smelter and sell them 100 bux of smelter parts made from iron then 200 buck growth figure would be a good representation.
Right, but if you buy $100 of iron from a smelter and then make it into $100 of lucky horseshoes, it doesn’t really mean there was $200 of growth.
Its does if thats how a body measures growth. Personally i think measuring things with money values is not good practice. Metric tons, calories, labor hours, etc all better imo.
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These aren’t horseshoes for horses, they’re magic horseshoes for good luck. You’re supposed to hang them on your door!
Where’s the growth? As far as I’m concerned, $100 of iron just got wasted, nevermind all the labor that also was wasted.
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Yeah there’s no way 4.3% gdp growth makes sense unless they’re really fudging the numbers with like data center construction or AI “productivity gains” or some shit. There’s just literally no way. Something is being literally triple or quadruple counted here
Are you implying that pushing around a trillion dollars in circles isn’t real economic activity?
“The bottom isn’t falling out, the rising tide is lifting all the boats. It’s complicated. Here’s a new word instead of explaining things.”
These guys rule
shocking
Call me the GDP the way i achieve real growth when im pegged
vibes based analysis, drop out imports with maintained consumption (whatever that means) is perfectly good indicator of “le growth”. Now if inventories suddenly runs out and inflation return that would be another matter, but that would influence nominal vs real distinction, not growth.
new italian slang dropped
Upvotes are a count of how many hexbearians have never met an Italian American 😁
‘Fugazi’ is functionally equivalent to ‘bullshit’ in usage.
Let me sum this up: Number no go up enuff. Ecobomy sadg. Giev moar stuff pls ok thx.
For real, who fucking cares. We all know shit is fucked and should give zero fucks about the libs fighting over the exact numbers. Growth could be 20% year over year at this point and none of us would be meaningfully affected, the money is all going right to the top. And it’s also just digital numbers that represent no real value anyway. The less real your work is, the more it is rewarded in the system, because the people at the top don’t fucking know any more what productive work even is. Layers upon layers of bullshittery and delusion that are somehow more important then billions of people’s lives. Fuck. I hate it here.
Fugazi? is that a place in Libya?
