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S1E24: Why GDP Fails to Accurately Measure Economic Health: Mark Skousen

S1E24: Why GDP Fails to Accurately Measure Economic Health: Mark Skousen

FromSteve Forbes: What's Ahead


S1E24: Why GDP Fails to Accurately Measure Economic Health: Mark Skousen

FromSteve Forbes: What's Ahead

ratings:
Length:
43 minutes
Released:
Sep 8, 2019
Format:
Podcast episode

Description

First up, Steve speaks to a myriad of economic markers to look for this week, Boris Johnson, interest rates and noise about China.Then, accomplished economist, columnist and professor Mark Skousen calls for a new way to assess the health of the economy. While analysts traditionally look to gross domestic product (GDP) as the ultimate economic indicator, Skousen argues that its narrow focus obfuscates the real drivers of growth. Instead, he champions gross output (GO), which measures spending throughout the entire production process—not just the final output—as he believes it’s a far more comprehensive and accurate indicator of economic health. Hear Skousen dispel the popular Keynesian notion that consumer spending drives growth and why the U.S. may be on the path towards recession.Lastly, Steve’s Reads of the Weeks are two articles. The first is by Angelo Codevilla, “What’s Russia To Us?" And by Robert B. Zoellick, “The Trade Wars Winners Don’t Include Us.”
Released:
Sep 8, 2019
Format:
Podcast episode

Titles in the series (100)

In an uncertain and rapidly changing world, Steve Forbes sits down with today’s leading business and economic minds to give listeners a better grasp of what’s ahead, and shares his own perspectives on the day’s most pressing issues.