Category Archives: Leslie Pratch and Pamela Mearsheimer on the Money Illusion

The GDP Mirage

Edited by Leslie Pratch; written by Pamela Mearsheimer This week Michael Mandel, chief economist at Business Week, reports on “The GDP Mirage.” What is it? GDP is a measure of all the goods & services produced by the U.S. economy. We use it as a benchmark. The change in GDP is what we are referring [...]