"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
GDP Fetishism
Featured article about the obsession from the Library of Economics and Liberty
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This is probaably the simplest and clearest explanation of the shortcomings of GDP as a measurement that I have ever seen. Given the contant attention being paid to GDP by the MSM, it's well worth reading if you'd like to improve your understanding of GDP.