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View Diary: Measure Dignity, Not Growth (96 comments)

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  •  Importance, what importance? (0+ / 0-)

    GDP is a measurement.  Nothing more, nothing less.  It is no different from a thermometer.  It tells you if the economy is getting warmer (growing, producing jobs, producing more profits hopefully), or getting colder (shrinking, losing jobs, losing profits).

    The thermometer has no bearing on the temperature just as GDP has no bearing on the actual economy, it just tells everyone where it is going or not going in relative terms.

    We mock what we do not understand...

    by Tea Bag You on Wed Dec 09, 2009 at 12:21:01 PM PST

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