Audio Mises Wire

Home | Mises Library | GDP Tells Us Little about the Health of an Economy

GDP Tells Us Little about the Health of an Economy

Audio Mises Wire

Tags U.S. History

10/29/2021Patrick Barron

If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term.

Original Article: "GDP Tells Us Little about the Health of an Economy"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Author:

Contact Patrick Barron

Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.

Original Article: 
GDP Tells Us Little about the Health of an Economy