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Don't think it is? They're just scaling it with gdp
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That makes much more sense. I thought this was some really dumb Keynesian accounting pretending to be economic growth.
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Hahaha :)
Not even they are that silly, I hope
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I mean, they count the wealth confiscated from the private sector by the state that gets spent on nonsense.
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How is inheritance flow a measure of output? It's one of the only voluntary transactions where one side definitely lost.