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wizzwizz4 • last Monday at 4:18 PM • 2 replies • view on HN

If I run around town smashing windows with a rock, GDP goes up. Computing value more accurately than financial markets is not difficult: the bar is on the floor.

Replies

orangecat • last Monday at 6:28 PM

If I run around town smashing windows with a rock, GDP goes up.

Not generally. Window repairmen get higher incomes, but the rest of the economy has less consumption and investment.

erin_lave • last Monday at 6:33 PM

> If I run around town smashing windows with a rock, GDP goes up.

I don't believe that's true. I believe that's called the "Broken Window Fallacy" in Economics.

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