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.
Podcast #1,108: The Invisible Limits Holding You Back (And How to Change
Them)
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When we fail to make desired progress in life, most of us put the blame
on physical and environmental limits. But my guest says that what’s really
hold...
2 days ago
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