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By the yardstick that both the CIA and the IMF have adopted as the single best measure of national economies, China now has the largest economy in the world. (nationalinterest.org)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 51 points 3 months ago* (last edited 3 months ago) (4 children)

Tomorrow's Headline: IMF announces new metric for defining the size of the economy. This metric removes all industries that actually build things and instead only includes the financial industry.

[–] [email protected] 28 points 3 months ago

A measurement based entirely on student loan and medical debt, and sales of guns and child-crushing pickup tricks.

[–] [email protected] 18 points 3 months ago

They just happen to publish a new System of National Accounts (SNA) every time this happens. Last time it was to put more emphasis on R&D.

[–] [email protected] 15 points 3 months ago* (last edited 3 months ago)

Turns out the only valid™ measure of the economy, is the total citizens medical debt.

USA No.1!!! joker-amerikkklap

[–] [email protected] 13 points 3 months ago

So, the unadjusted GDP per capita and the inflation metrics that don't include essential spending then?