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this post was submitted on 14 Sep 2023
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United States | News & Politics
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A lot of this stems from incredibly flawed economic metrics that are used to drive policy decisions. The stock market and gdp growth are only tangentially related to the well-being of the populace, especially in the lower economic rungs.
Yeah GDP is a garbage metric, and recent rises in stock, bond, and real estate value is what Michael Hudson calls “asset price inflation”.