Is There a Better Way to Measure the Economy?
SUPPORT us on PATREON: / twocentspbsds
SUBSCRIBE to Two Cents! goo.gl/jQ857H
The health of our economy is measured by a number of statistics, and the biggest is the Gross Domestic Product... but can it be trusted?
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Dano Johnson
Fact checker: Yvonne McGreevy
Executive in Charge for PBS: Maribel Lopez
Director of Programming for PBS: Gabrielle Ewing
Assistant Director of Programming for PBS: John Campbell
Images by: Shutterstock
Music by: APM
Two Cents is a production of Spotzen for PBS Digital Studios
sources:
www.imf.org/en/Publications/f...
www.cnbc.com/2016/03/24/cnbc-...
www.nytimes.com/2019/12/15/op...
www.scientificamerican.com/ar...
www.pbs.org/newshour/economy/...
www.stlouisfed.org/open-vault...
www.bea.gov/sites/default/fil...
www.scirp.org/journal/paperin...
www.bea.gov/data/consumer-spe....
Пікірлер: 295
No and you can’t trust the GOP either 😂😂😂
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
I'm from Ireland and our GDP per capita (2nd highest in the world) is definitely not trustworthy, since it's nearly entirely Apple and Google's international tax workarounds not impacting the local population.
My mother’s great uncle was a statistician for the Mayo Clinic, and he told her something very important when she was a child: “you can make statistics say whatever you want”. A single number or study never tells the whole story
Like if you want the mustache back
I've learned that stocks going up does not always correlate to a healthy economy. People are struggling, spending less (quantity), but profits are still all time high because inflation, etc. E.g. a company is still profiting, but at a slower pace (decreasing). Profit shows good, people assume it's good.
Oh, at first I thought the title said "Can You Trust the GOP?" I was like, no, no you cannot trust the GOP.
I'm old enough to remember when all the talk was about GNP, not GDP.
4:30
😂 Philipp’s style has changed so much from season 1
Always look forward to your videos. Thank you for what you do!
Love your content. Thanks for consistently making these videos!
How about we focus on median income of working age adults? GDP is a metric that rewards a polarized income in society by keeping a larger set of the population desperate to keep working, while median income focuses on the center of the distribution and opportunities that are attainable for most people willing to think creatively about how to improve their situation.
I guess I fell in love with this channel. I've watched at least 20 videos(for some multiple times) in last 2 weeks. Your videos are quite informative, understandable and sincere.
Your videos will always be sheer joy to watch
That "No" was 7min 9sec too long
Why is the outro so loud? 😅
The recent articles by the media comparing the UK as having a far worse GDP than the poorest state in the US ie Mississippi has more than convinced me that US based GDP metric is useless.