Is GDP a valid measure of our economy?
I read this editorial, “Could it be we’ve been in a recession since ‘75?”, by Robert Costanza from the Los Angeles Times. I’ve been trying to form an argument that our obsession with the DJIA and GDP are poor indicators of our economy (and, to a lesser extent, are CPI and “opinion polls”). This editorial has some ideas that are worth pursuing. I’m wondering if Republicans will instantly denounce the concepts presented (because they were articulated by an obvious environmental group), even though the concepts are not anti-free market at all, simply because they’re against one measurement of a free market. [Go to the site for the Genuine Progress Indicator:]