Far too many people: "GDP is bad. I prefer [thing correlated at 0.9 with GDP]."
Manufacturing:
Life expectancy:
Happiness:
Many other metrics & discussion in the source:
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21 sats \ 1 reply \ @grayruby 8 Sep
Quality of life is measured in real GDP terms, which captures productivity beyond debasement, not nominal GDP. You can pull forward quality of life via fiat debasement but it will stagnate or decline as effects of fiat debasement exacerbate.
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71 sats \ 0 replies \ @Recongraves 9 Sep
I agree trying to use that debt to live a better quality of life currently will only catch up in time so whenever that convergent point happens you're definitely going to have a decrease in whatever quality of life is currently at the maximum rate of spending limit, I don't know if that's m2 supply or technology but similar to bitcoin I don't see the adoption happening at the rate of disintegration with spreading information culturally
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42 sats \ 3 replies \ @random_ 8 Sep
Interest on the national debt is 130% of GDP.
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24 sats \ 2 replies \ @teemupleb 9 Sep
You mean debt to GDP ratio?
Interest on the debt probably more than the military budget
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21 sats \ 0 replies \ @random_ 9 Sep
Perhaps I'm ahead of my time.
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0 sats \ 0 replies \ @Bell_curve 9 Sep
Yes , interest is now the largest budget item after Medicare and Social Security
Debt will be 35 trillion soon.
GDP is about 30 trillion per year.
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0 sats \ 1 reply \ @stack_harder 9 Sep
line go up good - and yet society is the most divided and depressed it's been in god knows how long.
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0 sats \ 0 replies \ @zuspotirko OP 9 Sep
This isn't a "line go up" chart, it's a scatterplot
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