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  • umbrarchist

    Decades of not focusing on the right things:

    Listening to economists who are morons or liars.

  • umbrarchist

    Decades of talking about GDP and saying nothing about NET Domestic Product. But if you bring up NDP you have to notice that economists can’t do algebra. What happened to Demand Side Depreciation. Consumers go into debt for junk and then economists ignore the depreciation of the junk. But it was added to GDP when it was purchased. There were 200,000,000 cars in the US in 1995. What happened to the depreciation of all of those cars?

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