The Government
and media commentators are obsessed with our GDP growth. When the Government’s spending is in balance GDP
may be a relevant measure but when we are running a huge deficit and need to
cut government expenditure it’s not so helpful.
We should obviously be interested in growth associated with (Consumption
goods & services (C) + Investments (I) (Exports (X) Imports (M)) but when 50% of the economy is Government
Spending (G) we should not expect to grow GDP whilst hacking back G
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2012
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December
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- Peter Oborne explains the Tory party politics
- Bon mot
- Working harder making less
- Dave's mid term manifesto
- Bring back the Keynes
- Middle earth
- 'Angie - beautiful and sweet'
- It's a Gas, Gas, Gas
- Clear-out needed
- No need for guns
- Magic Mushrooms
- Euro budget on hold
- Multi-culturalism
- Social media car crash
- Secret Santa
- Hungry like a wolf
- Uptick or the worst of the downtick over
- Gambling on Gavyn
- Calling the end of the recession
- 5 giants
- Her Majesty's Opposition - The BBC
- Ourbucks, you're having a latte
- If GDP = C + I + G + (X-M)
- Boris get outer tier
- Recession what Recession!
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December
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