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Does GDP Present an Accurate Picture of the Economy? Not Likely

Audio Mises Wire

Tags Booms and BustsEconomic PolicyThe Fed

05/17/2023Frank Shostak
Narrator: 
Millian Quinteros

The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.

Original Article: "Does GDP Present an Accurate Picture of the Economy? Not Likely"

 

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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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Original Article: 
Does GDP Present an Accurate Picture of the Economy? Not Likely