Feb 14, 2023
Wait a second... did Bobby Kennedy travel to the future and steal those lines from Joe Biden?
Sarcasm aside, GDP was invented in the US and is very well attuned to measuring value in a war-based economy like the US. GDP is NOT good at measuring a peace-based economy. Through the sanctions on Russia we've also seen that gross GDP is a bad measure of an economies resilience. Most specifically, producing goods and materials makes your econmy very resilient.