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Why GDP Metrics Won’t Tell Us Much about the Post-COVID Recovery

Summary:
GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Why GDP ...

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GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "Why GDP Metrics Won't Tell Us Much about the Post-COVID Recovery".

Alasdair Macleod
Alistair MacLeod, OC FRSC (July 20, 1936 – April 20, 2014) was a Canadian novelist, short story writer and academic. His powerful and moving stories vividly evoke the beauty of Cape Breton Island's rugged landscape and the resilient character of many of its inhabitants, the descendants of Scottish immigrants, who are haunted by ancestral memories and who struggle to reconcile the past and the present. MacLeod has been praised for his verbal precision, his lyric intensity and his use of simple, direct language that seems rooted in an oral tradition.

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