GDP

Goodhart's Law: When Conservation Metrics and GDP Hide the Truth

1 month ago
UK moorlands show record curlew breeding success—while hen harriers are systematically exterminated. GDP hits record highs—while wages stagnate and inequality soars. Two completely different problems. Same cause: those in power get to choose what we measure. And they choose metrics that make their harmful activities look like success.

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The IQ economy

4 months ago
Paving the way for a potential series of MMT explainers I want to first describe why GDP is a terrible way to measure how well an economy is doing

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