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8. What is the GDP/GNP? from Alternative Economics 101 - Tax Your Imagination!

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Banking and the creation of paper money have allowed both debt and inflation to become infinite. Measuring and misunderstanding the GDP/GNP is a common. The national debt and annual budget can be a very high percentage of the alleged GDP/GNP output. In some countries, the budget deficit is greater than the measured GDP/GNP, which is proof that the measure is meaningless.

If one man goes hungry, then all men share the shame. The hunger needs to be dealt with directly and immediately by the collective. Looking at numbers can be mind-numbing if you do not understand how they were created. Policy, and policy analysis, should not be based on such nonsensical numbers. You do not need a spreadsheet to understand that the system is not working, and a spreadsheet is not proof that it is working.

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Steve grew up in a family business, was a history major in college, and has owned a small business for 25 years. Practical experience (mistakes) have led him to recognize that political rhetoric and educated analysis often falls short of reality. (more...)
 
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