Categories



TheLibertyMill




The Phaserl








AvatarProducts

The Mirage of Economic ‘Growth’, or Kicking Rogoff While He’s Down

by Pater Tenebrarum, Acting-Man.com:

How to Increase the Economy’s Size by Fiat

The US government has hit on a new solution to kick Carmen Reinhart and Kenneth Rogoff while they’re down. Since their recently disputed paper makes so much of public debt-to-GDP ratios, one way to improve the situation is obviously to increase the size of GDP, ceteris paribus. But how do you accomplish that in an economy that requires the addition of a lot more than a dollar in new debt to produce a dollar of ‘growth’?

Simple, you just make stuff up. And so it has been decided to ‘grow’ the size of the US GDP overnight by 3% by adding new items to it, some of which are so diffuse in their nature that they will be ideally suited to manipulating henceforth what is already the most manipulated economic statistic.

Read More @ Acting-Man.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>