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Surely we can learn from this?
(lemmy.world)
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this post was submitted on 12 Nov 2024
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I agree that right now, our economists have a terrible way of defining a “good economy”. They have praise for a set of numbers such as the stock market rates, which have almost no connection to the well-being of common people.
We need more medians and fewer averages; not to measure wealth when it’s spread among the extremes.