Gross Domestic Product

GDI v. GDP

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Another  fine econ 101 video from the Center for Freedom and Prosperity.  One of the main economic problems of our time is that we Americans tend to be experts at spending money and novices at making money.  I will have a post on Christ and Scrooge later this month which will be rather negative towards Scrooge. (Surprise!)  However, perhaps nationally we need a bit of the Scrooge attitude towards making money and less of the spendthrift habits that have been a disaster for us publicly and privately.

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