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Thread: Economics

  1. #11
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    Quote Originally Posted by Oscar Wilde View Post
    Seriously, I realize this is mostly what we got but should personal "debt" really be considered our GDP?

    O.W.
    GDP = Consumption + Investment + Net Exports + Gov't Spending

  2. #12
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    Quote Originally Posted by TonyM View Post
    GDP = Consumption + Investment + Net Exports + Gov't Spending
    = debt.

    O.W.
    Anarchism is the liberation of the human mind from the dominion of religion and liberation of the human body from the coercion of property; liberation from the shackles and restraint of government. It is a social order based on the free grouping of individuals…”


    Emma Goldman

  3. #13
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    GDP comes from selling something. You must have natural resources or production which can be exported. Debt is simply future demand pulled forward.


    Rockwell Collins HF-80 Cold War
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  4. #14
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    Quote Originally Posted by Rusty34 View Post
    GDP comes from selling something. You must have natural resources or production which can be exported. Debt is simply future demand pulled forward.
    1 GDP can be domestically purchased or consumed; it does not need to be exported

    2 Sales of services are included in GDP

    3 So is investment (in plants, equipment, roads, etc)

  5. #15
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    Quote Originally Posted by TonyM View Post
    1 GDP can be domestically purchased or consumed; it does not need to be exported

    2 Sales of services are included in GDP

    3 So is investment (in plants, equipment, roads, etc)

    Semantics multiplied by statistics = nonsense

    O.W.
    Anarchism is the liberation of the human mind from the dominion of religion and liberation of the human body from the coercion of property; liberation from the shackles and restraint of government. It is a social order based on the free grouping of individuals…”


    Emma Goldman

  6. #16
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    Quote Originally Posted by breezy View Post
    You are a disgusting promoter of lies!

    Whew! Just put this Fruit Loop on my ignore list. He has the dubious distinction of being the only one. All by his lonesome. I generally find even if I don't agree, that everyone has something worthwhile to say, but after reading his posts on 2-3 threads I am just getting too old to waste anymore of the precious time left in this world on an idiots puffery.
    --------------------------------------------------
    There are two ways to be fooled.
    One is to believe
    what isn't true;
    the other is to refuse
    to believe what is true.
    ~~Soren Kierkegaard 1813-1855

  7. #17
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    Data released this morning show that personal income and spending increased in September

    US Personal Income (MoM) Sep: 0.30% (est 0.40%; prev 0.20%)
    US Personal Spending (MoM) Sep: 0.50% (est 0.40%; rev prev -0.10%)

    http://www.econoday.com/economic-calendar.aspx


    Also
    http://www.reuters.com/article/us-usa-economy-idUSKBN12V1BM?

    http://www.businessinsider.com/perso...r-2016-2016-10

  8. #18
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    Facts in evidence demonstrate the "growth" in GDP this quarter was essentially significantly increased (deficit) government spending.
    Call it what you want, but its not "growth", its debt.
    ”The trouble with socialism is that you eventually run out of other people's money.” - Margaret Thatcher


  9. #19
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    How does it feel to comprehend that you support a pathological lying socialist and what appears to be a child molester...

    I wonder how you digest that or do you just ignore and blame?
    “Blessed are those who, in the face of death, think only about the front sight.” Malo periculosam, libertatem quam quietam servitutem

  10. #20
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    Quote Originally Posted by Achilles View Post
    Facts in evidence demonstrate the "growth" in GDP this quarter was essentially significantly increased (deficit) government spending.
    Call it what you want, but its not "growth", its debt.
    Facts do not matter to him but kudos for pointing it out to him...
    “Blessed are those who, in the face of death, think only about the front sight.” Malo periculosam, libertatem quam quietam servitutem

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