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.
How to Properly Adjust Your Binoculars
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Whether you’re scouting a ridgeline, tracking a bird in flight, or just
trying to get a closer look at something across the lake, a good pair of
binocula...
21 hours ago
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