Maybe not. It turns out that with government spending forming such a large portion of GDP, the small rise in GDP last year actually was all government spending--and then some. The private sector actually appears to have shrunk.
Maybe it's time to start counting GDP in terms of the private sector only, and we'd get a better idea of what's really going on. H/T SCSU Scholars.
The Summer Solstice Audit
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This Friday is the summer solstice. It’s the longest day of the year.
Afterward, the days will start getting shorter. We’re big advocates of
embracing se...
10 hours ago
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