Absolutely spot on ๐ฏ ๐ฏ However before we even discuss how dumb publishing GDP data on the blockchain is, it's also important to note that GDP is a fundamentally flawed and misleading metric. When the government borrows billions for wasteful projects, GDP rises. When a hurricane destroys a city and rebuilding begins, GDP rises again. In short, GDP is not a measure of wealth or well-being, but a Keynesian accounting trick born out of the political needs of the 1930s and 1940s, and it continues to serve as a convenient justification for more government expansion.
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That's so true. It's the same playbook FDR used with the New Deal and subsequently WW2, which eventually boosted gvt spending (and GDP with it). This is one of the reasons FDR is hailed as a hero in mainstream circles.
Absolutely. We've not had a decade in our existence without war, something like 95% of the time since US started we've been warring somewhere or another. There's a reason the military industrial complex thrives ๐