Your "Economic" Arguments are Bad Part 1: Economists Aren't That Smart

submitted by cisheteroscumWhite Nationalist from self.debatealtright

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[–]Nombre27 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I read this awhile ago regarding the common "muh GDP" bullshit that people espouse.

https://archive.is/MljEU

Seems that some people are wising up to this, although not in a necessarily rational way, via constant criticism of Trump, BLM, police, etc., i.e. the stock market is doing well but many people are suffering.

Thanks again for a thorough write-up. Seems many people on that badeconomics page you linked weren't too happy with the message that poster was sending.

[–]cisheteroscumWhite Nationalist[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Glad you liked it. The next section is on GDP and other fairly useless terms. To expand on what you say, fiixating on GDP growth is not relevant to most people who only get a very narrow slice of the pie. GDP growth is also only 1-2% per year in most advanced economies, where people already have so much money they don't even know what to spend it on. You're probably better off caring about something else, like living standards, crime, immigration, etc.