TheGuySwann on Nostr: If you print a trillion dollars out of thin air and then measure GDP nominally in ...

If you print a trillion dollars out of thin air and then measure GDP nominally in dollar amounts, OF COURSE GDP goes up. Like fucking duh. But it means nothing.

It’s little different than changing the size of inches on a tape measure and then measuring the same house again, and congratulating yourself on having a bigger house.

quoting
nevent1q…zc6v

GDP NGU is not proof of work because there’s not necessarily actual value creation.