Gross Domestic Product (GDP) is a worthless number. The previous truth isn’t a defense of Donald Trump after the 0.3% Q1 GDP decline. Instead, it’s a defense of reason that requires the reasonable to routinely point out the ridiculousness of the most cited number in the fraud that is “macroeconomics.”
To see why GDP is so useless, it’s important to first recognize that consumption is what follows production. Always. Translated, we export so that we can import.
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