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GDP Provides a False Reading of the State of the Economy

Audio Mises Wire

Tags Booms and BustsEconomic PolicyThe FedBusiness Cycles

08/02/2022Frank Shostak
Narrator: 
Millian Quinteros

Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically.

Original Article: "GDP Provides a False Reading of the State of the Economy"

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Contact Frank Shostak

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: 
GDP Provides a False Reading of the State of the Economy