bush_cheney2004 Posted March 9, 2018 Report Share Posted March 9, 2018 1 hour ago, cannuck said: This is one of the MANY places where economists screw up horribly. Measuring that 70% of activity as consume spending alone doesn't take into consideration that the activity is simply resale and distribution costs of some things, most of which had the serious value added offshore. Economists also measure purely speculative activity and gains and consider it part of the economy...but it really needs to be reported separately as part of the Casino Capitalist Economy. OK, but it all matters in the aggregate. Also, don't discount the growing economic value of ideas vs. things. Microsoft makes more (better margins) on each Windows license distribution than do the manufacturers of PCs/laptops. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.