Message from @sydtko
Discord ID: 668609057787215887
@LustrousMandrill hey come back! I'm sorry!
Is back
Invité him to CC
Didn't the original person that ... constructed the GDP as a measurement talk about the limitations of it quite a bit?
<:pepeLMAO:644901342216847388> and people think it's like... highly meaningful and very important
Economists legit come from clown college, then churn out with the highest starting salary with a bachelor smdh
```Simon Kuznets, the economist who developed the first comprehensive set of measures of national income, stated in his first report to the US Congress in 1934, in a section titled "Uses and Abuses of National Income Measurements":[11]
The valuable capacity of the human mind to simplify a complex situation in a compact characterization becomes dangerous when not controlled in terms of definitely stated criteria. With quantitative measurements especially, the definiteness of the result suggests, often misleadingly, a precision and simplicity in the outlines of the object measured. Measurements of national income are subject to this type of illusion and resulting abuse, especially since they deal with matters that are the center of conflict of opposing social groups where the effectiveness of an argument is often contingent upon oversimplification. [...]``` Damn
It's too bad when people clip out people's metrics/measures, it doesn't ever come with context of the psychology and critiques they provide <:breadthink:663617149805395968>
``` In 1962, Kuznets stated:[29]
Distinctions must be kept in mind between quantity and quality of growth, between costs and returns, and between the short and long run. Goals for more growth should specify more growth of what and for what.```
@actual_communist_boi get in vc
@diong
@Dodger101 vc
rip 2k ping + watching this cummie boi video <:pepeLMAO:644901342216847388>
since I love watching leftoids eat each other alive
And rightoids do the same
Frankly, I just want everyone to eat each other
I'm 11 minutes in so I gotta finish this comedy
@actual_communist_boi so uh..........
when are you becoming an analyst for a rightoid think tank? <:PEPELAUGH:643817011117424708>
Libertarians and their autonomy memes
Hmm?
@Dodger101 teach me how to minecraft
No
There's converse arguments against reincarnation, yes
I would admit that
It's not intrinsic to afterlife mythos that ... you don't have concern for present material conditions
I just think that they are in relatively strong association
@sydtko https://www.nber.org/papers/w25558.pdf its indeed surprising that kuznets would be so wrong about the methodology behind national accounting and the reasons for using GDP in policy making to the point where he thought pointing out that it doesnt measure wellfare is some substantive point to make
Wrong how?
It... doesn't measure welfare.
It gives you a general idea or impression that there is a better welfare amongst the people, but that's not necessarily true
That's a probabilistic argument
And considering America's wealth gaps (to ground this to today)
America's GDP has increased over time from Reagan's era, but that's disparate wealth
So I just ask? Do you think people are better of on average now than in Reagan's era?
@LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes @LustrousMandrill Nick Fuentes more like Knees Bentes