Quote from: Gatorhex on December 16, 2012, 03:44:00 PM

Quote from: asdf on December 15, 2012, 10:29:31 PM

Quote from: Gatorhex on December 15, 2012, 03:07:14 PM

$Exports - $Imports = true economic growth

GDP is a propaganda statistic. Youtube "Fuzzy Numbers"
http://www.youtube.com/watch?v=zPkTItOXuN0

So the economic growth of the planet is 0?

Let me clarify with a simple example..

China $10,000,000 exports - $4,000,000 imports = +$6,000,000 growth

USA $4,000,000 exports - $10,000,000 imports = -$6,000,000 recession/decay

Real growth is all about the trade balance between countries.

Now, if you want to destroy your export jobs you mandate an ever rising minimum wage and put ever rising taxes on energy.

This means production has to leave the country to seek cheaper labor and energy costs, thus reducing your export capacity and increasing another countries export capacity.

Doesn't it bother you that if all countries were united you would have to say there was no growth no matter how much growth there was?