Here we are talking about GDP growth.
This is the focus of much of government activity and goals. But if GDP grows there are many reasons why this may be bad, and if GDP falls, there are many reasons why this may good.
The main problem here is GDP is one dimensional.
If the government were to borrow 100% of GDP and spend it on free food for everyone. That would look good from a GDP perspective, but everyone would be much poorer at the end of such a policy.
Also, desiring growth may push inflation, or immigration to give the appearance of improvement.
|
 |
|