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Dan Lieberman's avatar

Don't understand. Doesn't debt, which is not income, contribute to the purchasing power and the GDP? Or is that considered a subsidy? GDP = money supply x velocity of money. Money supply is not just income. If it were, then how could economy grow?

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Anonymous's avatar

This discrepancy could be due to very high illegal immigration. Wages paid under the table in cash won't get counted as income while the products produced by illegal immigrant labor would get counted since they are sold on the market.

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