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Sorry America, China has a bigger economy than you (www.ft.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] -4 points 11 months ago (2 children)

oh man, wait till you find out about US economy https://www.unz.com/lromanoff/us-economic-statistics-unreliable-numbers/

[–] [email protected] 3 points 11 months ago (1 children)

I don't doubt that the US does the same, but I'm not sure if an opinion piece citing other opinion pieces is the strongest evidence. 🫢

[–] [email protected] -2 points 11 months ago

I mean, you don't have to look at opinion pieces to see that US cooks their numbers. It's openly admitted on the BEA website. The whole imputation bit is basically fictitious GDP. For example, when a person buys a home, the government adds that person’s imaginary rent to the GDP. That is, if he didn’t buy a home, he would have spent X dollars on rent.

https://www.bea.gov/help/faq/488

[–] [email protected] 1 points 11 months ago

It's almost like they're intertwined! Who could have guessed.