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Is GDP a scam? (sopuli.xyz)

submitted 3 days ago by sopularity_fax@sopuli.xyz to c/nostupidquestions@lemmy.ca

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[–] NewDark@lemmings.world 12 points 3 days ago (1 children)

No, but it's a highly imperfect metric. I love this joke because it really demonstrates why: https://www.reddit.com/r/Jokes/comments/qp49wz/two_economists_are_walking_in_a_forest_when_they/

[–] slazer2au@lemmy.world 18 points 3 days ago (1 children)

So people don't have to visit that terrible site.

Two economists are walking in a forest when they come across a pile of shit.

The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can't help but feel like we both just ate shit for nothing."

"That's not true", responded the second economist. "We increased the GDP by $200!"

[–] sopularity_fax@sopuli.xyz 2 points 2 days ago* (last edited 2 days ago)

How could that have been mitigated or that loophole closed? Shouldnt GDP be linked to what is taxxed or something? If anyone can just say "line goes up" what use is that, there's no like scarcity or its too malleable