, 7 tweets, 2 min read Read on Twitter
🔥Thread about GDP. Lots of talk about the acronym, and very little about what it means.
Gonna make you a pundit. Put on your bow-tie or pearls, its happening.
Gross Domestic Product...
The GDP is: C+I+G+(NX) or:
(Consumption + Investment + Government Spending + (Exports-Imports)

Increased GDP does not necessarily increase wealth or improve quality of life.
A GDP calculation is measuring-stick for economic activity....nothing more.

It does not have any representation of the quality, efficiency or economic
utility of the ACTIVITY producing the GDP.
Here are a few examples of things that would significantly increase GDP...

Building a Superhighway, Bridge or Bullet Train (I+G)
Building ghost cities (examples in China) (I+G)
A military build up (I+G)
Producing steel and cement held in a developer's CIP inventory. (I+G+C)
Creating even more manufacturing capacity (factories and mines) for steel, cement, etc.(I)
Building infrastructure. i.e.) Public works, water, power plants, tunnels, wells, utilities etc. (I+G)
Manufacturing phones, computers, clothing and consumer goods for export. (C+NX)
Here are a few more you might not think about... events/activities that increase GDP but don't necessarily increase wealth or quality of life.

A hurricane: all of the destruction has to be financed and rebuilt. (C+I+G)
Public Welfare and Housing Assistance Checks (C+G)
Single Payer Health Care (C+G)
and...
Paying 10x as much for a medical procedure as you might pay in other countries (C)

Now, go out and get into some heated dinner discussions /End

But wait! There's more. This is me during my 'Man of la Mancha' phase
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