David Blond Helps Understand Statistical Discrepancy December 14, 2021“GDP is a flawed number that came, I think, out of the need of financial markets for a single measure of success or failure.”“Often when we say that GDP is growing but wages are stagnant, we are really saying that corporate profits are growing at the expense of labor wages.” -David Blond
Responding to a recent guest piece by Michael Drury, “Statistical Discrepancy: A Mystery about Profits?” (https://www.cumber.c