- Jan 29, 2014
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Translation: We know that the over-reactive panic to the WuFlu has trashed the economy by traditional measures, so let's not pay attention to those measures anymore and instead, try to account for "feels".https://www.worldfinance.com/strate...he-most-effective-measure-of-economic-success
Why GDP is no longer the most effective measure of economic success
Oh, some of the premises of this article are absurd. To wit:
Wut? Google has annual revenues in excess of $160 billion! How the hell is that "outside the realm of economic activity measured by GDP"?Countless free online services have moved outside the realm of economic activity measured by GDP, including Google, YouTube and Wikipedia.