GDP growth includes super micro computer selling contracts to intel that get bought by Nvdia and resold to the next stooge. Not wealthier Americans. Sorry my guy.
It’s remarkable how dumb this idea is and yet how many people believe it.
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Discussion
GDP growth also includes money printing. Which makes it doubly stupid.
If there was ever a perfect example of GDP being utterly bullshit… it’s that in 2020, with the entire economy shut down, with 40% of small business in the US decimated and never reopening their doors, the largest single economic distinction event in at least the past half century… “GDP “WeNt Up.”