Obsession with anything is normally a bad idea. GDP is likely not a healthy one. You are also supposed to chain deflate it. Which means you subtract from growth the inflation to find out the real value of the economy. They dont really do this though.
The link for this post is using an archive for the article on The New York Times' website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on The The New York Times' website is:
Obsession with anything is normally a bad idea. GDP is likely not a healthy one. You are also supposed to chain deflate it. Which means you subtract from growth the inflation to find out the real value of the economy. They dont really do this though.
We need deflationary money
Our obsession with government must end
The link for this post is using an archive for the article on The New York Times' website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on The The New York Times' website is:
This Pioneering Economist Says Our Obsession With Growth Must End https://www.nytimes.com/interactive/2022/07/18/magazine/herman-daly-interview.html