Anyone remember that TV advertisement that Merrill Lynch used to have, with the big bull trotting along a beach? I’m reincarnating that bull today for a pretty simple discussion: what is economic progress and how do we have economic growth without destroying the planet? Evelyn Astor, an economic and social policy advisor at the International […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "GDP"
Episode 156: The False Gods of Economic Growth; Brianna Wu Looks To Take Down A Corporate Democrat
Posted on 13 November 2019.
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War Is Good
Posted on 30 October 2014.
At least if you are in the war-making industrial business sector–or the bean-counting of the economy. Because, really, that’s what accounts for a nice little hunk of this little spurt of allegedly “good” economic news.
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Short-Term Hype On The Economy
Posted on 30 July 2014.
Yipee, it’s up, the economy is “rebounding”, smile, celebrate…uh, well, not so fast.
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GDP Uncovered
Posted on 02 September 2008.
Well, Happy Labor Day, at least for the American version of it. So, let me crow a bit. For a very long time, I have been making the argument that using Gross Domestic Product as a measure of the well-being of the nation is phony (I haven’t been the only one saying this, mind […]
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You Can’t Make This Up
Posted on 31 July 2008.
You want contrast? I’ve got a doozy for you this morning. Check out these two contrasting developments. First, no surprise, the economy isn’t growing…duh: The economy grew less than expected from April to June, the government said on Thursday, and it shrank in the final months of 2007, dimming the outlook for a quick […]
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Is Declaring A “Recession” Finally Irrelevant?
Posted on 28 July 2008.
I’ve always been a bit skeptical about the ability of government statistics, economists and prognosticators–pretending to be in the last cateogry myself sometimes–to accurately portray what is actually happening to people. Government stats like Gross Domestic Product don’t tell you much other than stuff is being made–it doesn’t really give you a good picture […]
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If You Rely On Statistics, You Can’t See How Bad It Is
Posted on 22 May 2008.
A pet peeve of mine has been the way in which government statistics mislead us–and that is even without actual lying by politicians and their operatives. Take the Gross Domestic Product–it only tells you that stuff is being made, not whether the average person can pay their bills. Even when the GDP goes up, […]
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Americans Don’t Trust The Economy–Media Flummoxed
Posted on 02 August 2007.
One of the things that is amusing to me is the way the mainstream media is perplexed by how Americans think about the economy. Today’s Wall Street Journal gives a classic example: Americans are feeling decidedly sour about the economy and those in charge of it, fueling Democratic efforts to target business interests in […]
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Slower Growth Stats–Catching Up With Reality
Posted on 29 April 2007.
I’ve never liked government statistics that claim to measure the economy–particularly the Gross Domestic Product. GDP only tells you that stuff is being made–not who truly benefits from the growth in GDP. But, it is worth noting yesterday’s news, from The New York Times, that not only is economic growth slower but, more important, for […]
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