New York Times: "Lack of major war may be hurting economic growth"
Question: Could this be true?
Under our Keynesian ecnomic system, used by both political parties, this headline/thought seems normal. How? Because we measure GDP (the economy) by the consumption of wealth rather than the production of wealth, it must be that manufacturing munitions and using them to blow up people and wealth is a way to generate economic growth.
Read the article here
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About Me
- Jim Zitek
- I am the C0-Founder and CEO of Harbor Capital Group LLC., a writer and professional speaker. As an Investor in public or private companies, it doesn’t take long before you realize that the economic and investment analyzes provided by the pundits and the media are often misleading. For example, many economists do not agree on important concepts, data points or definitions like inflation or the importance of the monthly jobs report. Consequently, I couldn’t accept information at face value. I had to develop a critical thinking process that would get at the real story behind the headlines. This critical thinking process, over the years, evolved into a unique method of analysis that offers insightful, comprehensive views into the future of our turbulent economy and capital markets. More information about my speaking topics is available on my web site www.zitek.net
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