RE: RE: Tech's Greatest Contribution: Massive Deflation
You are viewing a single comment's thread from:

RE: Tech's Greatest Contribution: Massive Deflation

RE: Tech's Greatest Contribution: Massive Deflation

May be the lesson learned here is the revising the very idea of GDP and creating new indicators to measure your economy. There have always been criticism over how the use of GDP is biased and incomplete. Experts loved it coz it allowed them to demonstrate how and why the indicators (inflation, deflation and others) are behaving the way they are supposed to. The wall-street experts and governments were controlling the indicators.
Allowing to measure economy in new terms and indicators that properly measures new invention and new environment may allow effective gazing of the new economic order.

2 Comments