Official Economic Numbers To Get Even Murkier, “Intangible Assets” Inflate the Size of the Economy By 3%

accounting cc

Now we are going to count R&D, and “creative works” as adding to the economy. What part of “intangible” don’t the statisticians get? Why not count business emails as contributing to GDP? Or sunny days? Or the positive feeling people get when their football team wins? Surely we can come up for a model for these too.

The squishier the data, the easier it is to make the numbers say what the powers that be want them to say.

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