i just wanna throw this lil economic tidbit for all anons. simon kuznets formulated gdp in response to a problem of measurements. as he wrote of it it was a measure of productive output: eg. new fruits of craftsmanship at the end of each day of all sorts from homes to mypillows made comparable by putting it in dollar terms.
HE PURPOSEFULLY OMMITTED INCLUSION OF PR /advertising as well as financial service sectors. his logic was that the former coordinated markets where none existed and the latter coordinated savings with entrepreneurs seeking capital for investment. legislation in DC made gdp defacto our measurement of economic output. but not before banking interests and marketing lobbies bent the ear of key congressmen. my
for a decade or two now those same two sectors are outpace all others nationally by order of magnitude. strip them away and think of how the guy that crafted gdp as a measure would adjust it.