[quote=FlyerInHi][quote=CA renter]
How much of our “growth” in recent years is simply due to the Fed’s machinations? I would argue that most of it is, in one way or another. And, yes, it is scary.[/quote]
What does it matter where the growth comes from? It’s people actually working, trading, doing commerce, exchanging money,… all productive activities.[/quote]
The main area where GDP can be a bit misleading is military spending and activities. Some military spending is stimulative, but waging war is pretty costly. $1m spent on roads has more of a long term boost to an economy than $1m spent on tanks, although both contribute to the GDP equally.
Of course GDP is more of a snapshot than a picture of long term health or investment.
