tag:blogger.com,1999:blog-4900303239154048192.post4901661182415186933..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Major Economic ConfusionUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4900303239154048192.post-27657774274455168822022-05-01T01:16:17.647-04:002022-05-01T01:16:17.647-04:00What if rest is the core of a human economy and pr...What if <i>rest</i> is the core of a human economy and productive work is necessary but peripheral? How would so-called economic reports register a qualitative improvement and quantitative expansion of the "remembering the Sabbath"?<br /><br />Of course, I am wrong because the assumption has already been made that work and production is what matters and based on that assumption, THERE IS NO ALTERNATIVE. But if there was an alternative and rest was really what mattered, with work, so to speak, enabling and enriching rest then the kinds of reports that present an increase in production as an improvement would be very misleading.<br /><br />To say that they are misleading is not to suggest that one can simply tack a minus sign on the numbers and that will give us a meaningful reading. Every now and then the topic comes up about how inadequate the economic aggregates that we have are at measuring what really counts. Then when the dust settles, we all go back to talking about the GDP as if it is the ultimate thermometer of prosperity.<br /><br />No wonder Fox News, MAGA and Q have such an easy time attracting a crowd. The mainstream is rotten to the core and doesn't want to change. If the society that we live in is founded on lies, why not embrace the lies you prefer instead of the officially mandated ones?Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.com