Post
Topic
Board Economics
Re: The Flaw of Supply and Demand
by
Andris
on 26/05/2011, 20:12:52 UTC
GDP doesn't measure wealth.

You can make GDP look good by routinely demolishing cities and rebuilding them without a war. War is just the excuse.

This is funny. Austrians use the boom of the Long Depression to bolster their arguments despite the widespread suffering, but when a major government intervention unequivocally -ends- that suffering (alongside a boom), it doesn't count. Because the US was really suffering in the postware period compared to the prewar.