Lawry de Bivort wrote: > I'm sure this is a dumb notion, but if we all went out and earned and > spent our money twice as fast, would this not double the GDP?
Yes it would, because GDP is measured for a unit of time (1 year for nations, 3 months for companies). So it you spend $1000 during this year, you double the GDP (contribution) in this year, compared to spending $500 this year and $500 the next year. The average for 2 years would be the same, but economists (and politicians) think in the short term. And if nobody buys a car for a year (due to a "crisis"), the car industry gets serious problems to survive, even if the purchases are just postponed... > There must be something wrong with this idea! ... or with the math understanding of some people. Cheers, Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
