tanya tussing

"A boomcession, where the rich and corporate America experience a boom while working people feel a recession, is a very unhealthy dynamic."

#MattStoller wrote an interesting post about his theory that our #EconomicStats poorly measure most people's economic reality. For example, there are many types of #EconomicTermites -- which boost #GDP growth, while not creating any actual additional value.

https://www.thebignewsletter.com/p/the-boomcession-why-everyone-but

#Economics #Consumers #Inflation

Jan 31 at 5:16pmWeb
Show threadSteven ZekowskiJan 31
@tanyatussing
I read first 1/3 - 1/2 and thought “this is very good and important.” But then it just went on too long and too deep in the weeds. Maybe I’m not the target audience, not a professional economist or econ student.