- Joined
- Jan 2, 2006
- Messages
- 28,177
- Reaction score
- 14,273
- Location
- Boca
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- Male
- Political Leaning
- Independent
I was wrong???
Yep. You pushed a fake number to make it appear that nominal GDP growth was more than the year prior, because you argued for a year that economic success was confirmed by YoY nominal GDP growth. It came in lower, and you tried to tell a lie hoping it would be revised upward in the coming months. When the next set of estimates actually lowered total growth, the narrative was completely abandoned. From then on, you have pretended like you did nothing wrong. Nevertheless, historical comparison of nominal GDP growth as a formative basis to measure economic policy success is weak sauce on the basis of statistical analysis. Your arguments are constructed from a massive army of red herring and faulty generalization fallacies.
Something like, nominal GDP growth is the divine measurement of economic success because real people think so because it's the divine measurement of economic success. It just not even a coherent string of thoughts, let alone a rational argument on the basis of measurement of economic policy success. Economists, financiers, business leaders, academics, etc... the world over accept that real output growth gives us the best means of making a historical comparison to ascertain the underlying strength of an economy that is separated on the basis of time.