- “I will accept the rules that you feel necessary to your freedom. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do.”
Robert Heinlein The Moon is a Harsh Mistress -
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Archive for April, 2011
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The GDP Delusion
Posted on April 30, 2011 | No CommentsGDP fails to account for both costs and benefits that are not monetized or are part of the underground economy. It overemphasizes the role the government plays in the economy and it concentrates only on the quantity, without regard to production details or sustainability... GDP is a flawed tool that leads to dangerous policies and poor thinking on the part of our officials.